This post is by Connie Loizos from SaaS – TechCrunch
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PagerDuty debuted on the New York Stock Exchange today, and as we type, shares of the nine-year-old, San Francisco-based incident response software company are trading at nearly $39.That’s up more than 60 percent above their IPO range of $24 per share, which was itself adjusted from the range of $21 to $23 that had been expected earlier and gives the company a valuation of close to $3 billion. That’s an awful lot for a company whose software helps technical teams at 11,000 companies spot problems with applications and respond to incidents. Though it’s growing quickly — revenue was up 48 percent last year — it still pulled in just $117.8 million in 2018. Meanwhile, its net loss widened last year to $40.7 million from $38.1 million in 2017. Certainly, its performance has to make the company’s investors — who last assigned the company a valuation of Continue reading "CEO Jennifer Tejada just took PagerDuty public; we talked now about the roadshow, the IPO, and what comes next"