Walkme Shares Down More Than 2% In Trading Debut

by marketwatch.com posted 1month ago 4 views
Shares of WalkMe Ltd. , an Israeli customer engagement platform, fell more than 2% in their trading debut Wednesday, after the company's initial public offering priced at $31 a share, compared with its proposed price range of $29 to $32. The company sold 9.25 million shares to raise $286.75 before expenses. Underwriters have the option to purchase an additional 1.38 million shares. The stock is trading on Nasdaq later Wednesday under the ticker "WKME." There were nine banks underwriting the deal, led by Morgan Stanley, Goldman Sachs and Citigroup. Proceeds will be used for general corporate purposes.

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