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

$Braze(BRZE.US)$
Braze, a customer engagement platform used by over 1,000 customers reaching over 3 billion active users through 1 trillion messages, has gone public. In their S-1, Braze reports experiencing 55% YoY revenue growth.
They went public $10 over target and quickly jumped $20 over IPO this morning. The IPO has Braze raising $520 million with a potential for more if options are exercised.
As I said in the disclosure, I’ve used Braze first hand and I couldn’t be more excited for this IPO. It’s a chance to get in at the ground level with a rapidly growing customer engagement and analytics platform. Clients have told me Braze is hands down the best marketing tool they have ever used.
Disclaimer: This is personal opinion. This is not a recommendation to buy or sell any security. This is not a research report or investment advice. Invest at your own risk. Investments may loose value.

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