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SANTA CLARA, Calif. (
TheStreet) -- Shares of
Infoblox(BLOX - Get Report) climbed rapidly on the company's debut as a public company on Friday, just a day after big data specialist
Splunk(SPLK - Get Report) enjoyed a
massive IPO pop.
Network automation specialist Infoblox priced its shares at $16 a share on Thursday. The company's stock was up $5.55, or 34.69%, to $21.55 in afternoon trading as investor appetite for tech IPOs continued. Trading on the
New York Stock Exchange, Infoblox opened at $22.50.
A rival of
Alcatel-Lucent(ALU), Infoblox touts the ability to help companies manage their rapidly expanding and increasingly complex network infrastructures. The Santa Clara, Calif.-based firm lists semiconductor specialist
IBM(IBM - Get Report),
Best Buy(BBY) and
TiVo(TIVO) as customers
Infoblox brought in revenue of $132.8 in 2011, up from $61.7 million in 2009. The company's net loss also narrowed over the same period, from $10.4 million in 2009 to $5.3 million in 2011.
Another tech company, security software maker
Proofpoint(PFPT - Get Report) began trading on the
Nasdaq on Friday, with shares climbing $1.01 cents, or 7.77%, to $14.01. The
Microsoft(MSFT - Get Report) and
VMware(VMW) partner priced its offering at $13 a share.
Splunk shares slipped 0.08% to $35.45 on Friday after closing up
108.71% on Thursday, when the company made its
--Written by James Rogers in New York.
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