Shares of Q2 Holdings Finish Up 17% in First Day of Trading
Shares of Q2 Holdings (NYSE: QTWO) finished up 17 percent to $15.29 in its first day of trading.
Shares opened at 9:56 a.m. EDT on Thursday for $16.25 per share.
The company raised 100.9 million after 7.76M shares were priced at $13, the upper end of the initial range of $11-$13.
J.P. Morgan and Stifel Nicolaus were the lead underwriters for the offering.
Q2 Holdings is a leading provider of secure, cloud-based virtual banking solutions. They enable regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.