Should You Buy JFrog Stock After Its Post-IPO Leap?
JFrog (NASDAQ: FROG), a California-based tech company that provides a platform for managing software updates, priced its IPO on Sept. 15. Its original per-share price range for the IPO was $33 to $37, but robust demand lifted its final price to $44.
JFrog raised about $352 million by selling 8 million shares, as its existing shareholders sold 3.6 million shares. The stock price surged to nearly $65 on the first trading day, valuing the company at over $5.7 billion. That post-IPO pop generated big gains for JFrog's initial investors, but is the stock still worth chasing at these levels?
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Source Fool.com
