Shares of Talend, trading underTLND, are trying to create a trend in the IPO space after the tech company got off to a strong public start on Friday.
The company was expected to price its stock between $15 and $17 but ended Thursday night pricing 5.25 million shares at $18 apiece.
Talend, based in France, "integrates data and applications in real time across modern big data and cloud environments...Our customers rely on our software to better understand their customers, improve customer service, detect fraud, and predict equipment maintenance needs," the company said.
Shares opened for trading at $27.66, more than 50% above the company's initial pricing. Talend raised $94.5 million in the deal and was valued, at the open, at $537 million.
Talend closed its first day of trading at $25.50 per share on Friday, up 41.6% from its initial pricing.
The company reaffirmed its full-year guidance as well, expecting adjusted earnings per share of $1.10 to $1.20. This came in ahead of the consensus estimate, with analysts looking for $1.09 per share, on average. Xerox said it's on track to "meet its annualized cost savings target of about $700 million," according to Reuters.
Xerox, you may remember, plans on splitting its business into two companies: One will focus on printing services, payment processing and digitizing paper documents for other companies. The other other will focus on corporate outsourcing.
Announced in January, the move was viewed by some as relief. Xerox has struggled over the last decade, as has its stock. Shares are down 5%, and 30% over the past one and 10 years, respectively, although it is up 10% over the past five years.
Still, Xerox has largely been viewed as a disappointment, lagging its peers and sector dramatically. Comparatively, the PowerShares QQQ ETF (QQQ) - Get Report , which can be used as a proxy for tech, is up 3%, 99% and 211% over the past one, five and 10 years, respectively.
Shares of Xerox closed at $10.30 Friday, up 3.9%.
Twitter (TWTR) - Get Report has been snatching up live-streaming deals all over the sports world, including the NBA, NFL, MLB and NHL. But NBC (owned by Comcast (CMCSA) - Get Report ) doesn't plan to make the same moves for the Olympics.
NBC, which owns the distribution rights for the Olympics, announced a deal several months ago to show highlights from the summer games on Snapchat through the latter's Discover section.
Now, according to Re/Code, NBC will form a similar deal with Facebook (FB) - Get Report , knowing very well that the younger generations will not likely tune into TV to see the games but will be on Instagram, Snapchat and other platforms.
Facebook, which owns Instagram, will also have the highlights shown on both platforms. NBC is said to plan on publishing up to 20 highlights from the Olympics per day, as well as a short recap show on Facebook.
Another new? NBC also plans to offer around 100 hours of broadcasting from the Olympics in virtual reality, for those that have the equipment necessary.
Shares of Comcast closed at $67.25 Friday, down 0.9%.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.