The company priced its initial public offering of 20,065,000 shares at $25 a share, the high end of an increased price range. The offering includes a 30-day option for underwriters to purchase up to an additional 3,009,750 shares.
The stock opened at $33.26 and hit a high of $34.34 as of 11:22 a.m., by which point more than 11 million shares had changed hands.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TERP Price data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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