Zendesk IPO Shows Investors Still Fly To The Cloud

By | May 15, 2014

Scalper1 News

Investors still have an appetite for the cloud, even in a widespread technology stock sell off. Shares of Zendesk (ZEN), a maker of cloud-based customer-service software, jumped by more than 44% in its IPO offering on the stock market today. Investors jumped on board the fast-growing Zendesk in spite of the company’s increasing losses and stiff competition from much larger rivals including Oracle (ORCL), Salesforce.com (CRM) and Microsoft (MSFT). Scalper1 News

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