Zendesk Shares Pop After Cloud IPO At NYSE

Category: Companies / May 15, 2014 5:20PM EDT

San Francisco-based Zendesk Inc. (NYSE: ZEN), a leading provider of customer service software, rang the opening bell at the New York Stock Exchange (NYSE) on Thursday, May 15, to celebrate the company’s completion of its initial public offering and first day of trading. Zendesk began trading on the NYSE under the ticker symbol “ZEN.” Founder  and Chief Executive Officer Mikkel Svane discussed the company's history and the company's plans for the future. 

On Thursday, shares of Zendesk jumped 49.22 percent to close the day at $13.43

The company announced the pricing of its initial public offering of 11,111,111 shares of its common stock at a price of $9 per share on Wednesday. Zendesk has granted the underwriters a 30-day option to purchase up to 1,666,666 additional shares of common stock from the cloud company at the initial public offering price.