MobileIron Up In IPO

Mountain View-based MobileIron, which develops software to manage mobile IT security for enterprises, was up about 18 percent in late afternoon trading after its IPO on Thursday. MobileIron had priced at $9.00 per share last night, and sold 11,111,111 shares of its stock in its IPO. The company priced at the midpoint of its initial estimated IPO range. MobileIron is venture backed by Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures.