Everbridge Stock Jumps Over 20 Percent in Wall Street Debut
Everbridge’s first day as a publicly traded company is in the books: Wall Street investors bid up its stock by more than 20 percent.
The Burlington, MA-based company (NASDAQ: EVBG) closed at $15.25 per share. That’s 27 percent higher than the company’s initial $12 pricing last night, and it’s nearly 24 percent above the $12.30 price at the opening bell Friday morning.
Everbridge, which sells emergency communications software, is the second Boston-area tech company to go public in 2016. Acacia Communications (NASDAQ: ACIA) was the first.