Fiverr stock has jumped more than 45% in its first day of trading after IPO
Fiverr Inc. shares FVRR, +44.31% jumped 40% Thursday morning in their first day of trading. The first trade was executed at 10:27 a.m. for $26. Shares recently changed hands above $29.
Fiverr, which makes software that connects freelancers with companies looking for temporary workers, priced its initial public offering at $21 a share on Wednesday night, above its expected range of $18 to $20 a share. The IPO comes as the Renaissance IPO ETF IPO, +0.63% has risen 35% on the year and as the S&P 500 SPX, +0.24% has gained 15%.
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