The company priced its initial public offering of 24.85 million shares at $29 a share, which values the company at approximately $2.32 billion. The IPO raised $720.6 million after the company priced the upsized offering above the expected range of $25 to $27 a share.
The stock opened at $35.16 on Friday and hit a high of $37 as of 10:37 a.m., by which point more than 10.3 million shares had changed hands.
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