JFrog, which sells software tools that streamline app development, raised $509 million by offering 11.6 million shares (31% insider) at $44, well above the range of $39 to $41. At pricing, JFrog commands a fully diluted market value of $4.5 billion.
JFrog plans to list on the Nasdaq under the symbol FROG. Morgan Stanley, J.P. Morgan and BofA Securities acted as lead managers on the deal.
