Tech Unicorn JFrog Files for IPO

JFrog, a company that makes tools for software developers, filed a preliminary S-1 with the Securities and Exchange Commission (SEC) in preparation for its initial public offering (IPO). The company plans to trade on the Nasdaq stock exchange using the ticker symbol FROG.

Since this is the company's initial regulatory filing, JFrog listed a $100 million placeholder as the amount it hopes to raise, and has yet to disclose how many shares it will offer or a timeline for its debut. It is expected to be valued at as much as $2 billion. 

The company has developed what it calls "liquid software," which lets users implement automatic software updates without having to manually initiate them.

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Source Fool.com