Customer relationship management company Braze closed up mor...

Customer relationship management company Braze closed up more than 40% after listing, previously valued at approximately US$5.9 billion

$Braze(BRZE.US)$ The customer relationship management cloud software unicorn Braze (BRZE) logged on to Nasdaq on Wednesday, and it soared as much as 38.4% in its first trading session. Prior to this, the IPO pricing of the customer's participation platform was higher than expected. Before its rapid rise, the company was valued at $5.9 billion

Wall Street has accepted the company's initial public offering from the very beginning, and BRZE's IPO price is much higher than Braze (BRZE)'s expected range of $55-60 per share. BRZE opened up 34.2% shortly after noon Eastern Time, and quickly rose to $90.02, which is 38.5% higher than the stock's IPO price of $65 per share.

Article excerpted from the US Stock Research Agency