Zendesk IPO Ignores Selling, Pops 38% on First Day of Trading

Zendesk priced its initial public offering at $9 a share and immediately jumped to over $12. The tech company creates customer service desks for various businesses. CEO Mikkel Svane tells TheStreet's Debra Borchardt the company is experiencing incredible growth as revenues have increased 88% in one year. He believes his product provides a customer service solution that some companies struggle to deliver. Zendesk can also create customer service forums so consumers can pursue self-help options. The open platform appeals to businesses' desire to integrate their other applications.