This story has been updated Qualys's closing price.
NEW YORK (TheStreet) -- Security specialist Qualys became the latest tech company to take the public plunge on Friday when it started trading on the Nasdaq under the ticker symbol QLYS.
The Redwood City, Calif.-based company's offering of 7,575,000 shares was priced at $12 a share late on Thursday, at the midpoint of its range of $11 to $13.
Qualys shares opened at $12.18 and rose 7.91% to $12.95 by early afternoon trading. The company's stock closed up 18% at $14.16.The cloud security and compliance specialist, which competes with Check Point Software (CHKP) and Cisco (CSCO), has racked up more than 5,800 customers worldwide, touting most of the Forbes Global 100 and Fortune 100 as customers. Qualys also counts IBM (IBM), Symantec (SYMC), Verizon (VZ), Dell (DELL) SecureWorks and BT (BT) as partners. According to its S-1 filing with the Securities and Exchange Commission, Qualys brought in revenue of $76.2 million in 2011, up from $65.4 million in 2010 and $57.4 million in 2009. For the first six months of 2012, the company's revenue was $43.4 million. Another security specialist, Palo Alto Networks (PANW), enjoyed a successful IPO in July. The company's shares have risen more than 15% since its offering. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV