Rapid7 Rockets On Cybersecurity Firm’s IPO Debut

By | July 17, 2015

Scalper1 News

Cybersecurity firm Rapid7 (RPD) popped 67% as it began trading Friday morning, pricing at 16 and opening at 26.75, one of three initial public offerings. Rapid7 raised $103 million when it priced late Thursday above its expected range of 13 to 15, offering 6.45 million shares. The company says it has 3,900 customers globally. It reported revenue of $76 million in 2014, up 28%. It reported a net loss of $32.6 million, as sales and marketing Scalper1 News

Scalper1 News