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Varonis Shares Pop 87% on IPO Day

Shares of Varonis priced at $22, above an expected range of $19 to $21, and they blasted off to as high as $42.02 as of 2pm ET.

4.8 million shares of Varonis priced at $22 at the company's IPO, above an expected range of $19 to $21. The stock opened Friday morning and blasted off to as high as $42.02 as of 2pm ET. CEO Yaki Faitelson tells TheStreet's Jill Malandrino the company is derived from management of big data and cyber security. In fact, by 2020, a typical company will have to manage and protect 14X more data than it does today.

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