December 06, 2021

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DisruptiveFare2

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By Sophia Kunthara,

Shares of data streaming platform Confluent closed at $45.02 on Thursday, or 25 percent above their IPO price on their first day of trading.

The Mountain View-based company raised around $828 million through its IPO. Confluent priced its shares at $36 apiece, above its intended range of $29 to $33. The company saw its stock price pop 22 percent when it began trading Thursday, opening at $44.

Confluent is a data streaming platform that’s based on Apache Kafka. Its data infrastructure connects all of a company’s applications and systems and tracks events going on within the company in real-time.

The company was founded in 2014 by CEO Jay Kreps, Jun Rao and Neha Narkhede. The...

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By Sophia Kunthara,

 

Digital adoption platform WalkMe closed at $28.81 on Wednesday, 7 percent below its IPO price.

The Israel-based company raised $287 million through...

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By Joanna Glasner,

Ever since COVID-19 began its global spread, startups have been working on ways to provide more accurate, convenient, or lower-priced tests to detect the virus. Now that several...

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