Varonis Systems Soars As 2014’s First Technology IPO
Varonis Systems (VRNS) stock soared 87% Friday on its trading debut, the first technology IPO of 2014. The company provides a software platform to map, analyze and manage data that are not easily classified or tagged, also known as unstructured data. Varonis raised $106 million by offering 4.8 million shares at $22, above the previously upgraded price range of $19 to $21. The stock opened at 39. In afternoon trading Varonis was up 19.04 at 41.04