EngageSmart shares soar 42% in trading debut
Published
Sep 23 2021 at 3:50 PM GMT
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- Shares of EngageSmart Inc.,a Massachusetts-based customer engagement and payments software company, soared 42% in their trading debut Thursday, after the company's initial public offering priced at $26 a share, above its proposed price range of $23 to $25.
- The company sold 14.5 million shares to raise $38.
- 8 million at a valuation of $4.2 billion.
- The stock is trading on the New York Stock Exchange, under the ticker "ESMT.
- JP Morgan, Goldman Sachs, BofA Securities and Citigroup were the lead underwriters.
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- Published Sep 23, 2021 3:50 PM GMT