Monday, June 29, 2015

Xactly Has IPO Debut

San Jose-based Xatly, which develops sales performance management software, saw a successful IPO on Friday, after pricing its IPO at $8.00 per share on Thursday evening. The company traded as high as $10.09 in trading on Friday, and is now hovering around $8.55 as of Monday morning. Xactly sold 7,037,500 shares of its common stock in the offering. Xactly's IPO had been underwritten by J.P. Morgan, Deutsche Bank Securities, UBS Investment Bank, Needham & Company, and Oppenheimer & Co.; the company was venture backed by Rembrandt Venture Partners, Bay Partners, Alloy Ventures, Key Venture Partners, Bridgescale Partners, and Outlook Ventures, among others. The firm is now trading as XTLY on the NYSE.