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Pivotal Software Priced, NYSE: PVTL

DellEMC spin-off providing a platform to streamline cloud software development.

Industry: Technology

First Day Return: +4.9%

Industry: Technology

We provide a leading cloud-native platform that makes software development and IT operations a strategic advantage for our 319 enterprise customers in the US (77% of sales) and internationally (23%). Our cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying and operating new cloud-native applications and modernizing legacy applications. This enables our customers' development and IT operations teams to spend more time writing code, waste less time on mundane tasks and focus on activities that drive business value - building and deploying great software. PCF customers can accelerate their adoption of a modern software development process and their business success using our platform through our complementary strategic services, Pivotal Labs. Enterprises across industries have adopted our platform to build, deploy and operate software, including enterprises in the automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors.
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IPO Data
IPO File Date 03/23/2018
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 37.0
Deal Size ($mm) $555
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/19/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $555
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters San Francisco, CA, United States
Founded 1989
Employees at IPO 2,518
Website pivotal.io

Pivotal Software (PVTL) Performance