Five9 (FIVN) Pops on Successful IPO

NEW YORK (TheStreet) -- Five9 (FIVN), cloud software developer for contact centers, has popped on its market debut Friday.

By midday, shares had gained 16.7% to $8.17.

The San Ramon, Calif.-based company priced its 10 million shares at $7, downwardly revised from a previous range of $9 to $11.

In its IPO filings, the company said it has over 2,000 clients including Siemens, Xerox (XRX) and Comcast (CMCSA). In 2013, Five9 recorded revenue of $84.1 million, a 32% year-over-year increase and a net loss of $31.3 million.

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