Braze Closes First Day Of Trading Up 44 Percent

Customer engagement platform Braze’s stock closed up 44 percent on its first-day trading on the Nasdaq. The company set an IPO price of $65 per share after setting a price range of between $55 and $60 per share. Its stock popped 34 percent, opening at $87.20 on Thursday, before closing at $93.39. The company raised $520 million through its IPO.

New York-based Braze raised more than $175 million in funding from investors including Blumberg Capital and ICONIQ Capital.

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