monday.com ends first day trading sharply higher
The Israeli work operating system company is already worth $7.85b, as the co-founders say they are only just beginning.
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The Israeli work operating system company is already worth $7.85b, as the co-founders say they are only just beginning.
The Israeli work operating system company is raising $574 million and an additional $57.4 million, if the underwriters exercise their options.
Valuation is the second-highest ever for an Israeli tech firm via an IPO process, according to IVC Research Center
Shares of monday.com Ltd (MNDY.O) jumped nearly 12% in their Nasdaq debut on Thursday, giving the Israeli work management company a market capitalization of about $7.6 billion.
SHARE Shares of Monday.com Ltd. rose more than 10% in their trading debut on the Nasdaq today, following an initial public offering that surpassed expectations and raised $574 million. The company is now worth more than $6.8 billion. Israel-based Monday.com provides a popular project management platform of the same name that is used by employees at Adobe Inc., Coca Cola Co., Unilever PLC and other major brands. The platform enables workers to track the progress of a project in a cloud-based dashboard. In the Monday.com interface, workers can see what tasks have to be done to complete the proj...