Acacia soars 36% in second tech IPO of the year
May 13, 2016 at 15:40 PM EDT
It has been a terrible year for tech IPOs. Until now, only SecureWorks braved the market and it didn’t go well. But Acacia Communications braved the public markets today and outperformed expectations. After pricing its offering at the top of the range at $23 per share, the company soared to above $30 in its first day of trading, yielding a market cap of above $1 billion. Read More
