Apigee Closes Its First Public Day Worth $16.68 Per Share, Down 1.9% From Its IPO Price

Apigee team at Nasdaq as the company IPOs this morning. Apigee, a company that helps organizations build and manage API connectors, went public this morning at $17 per share, briefly jumping to $20 per share before closing at $16.68, down 1.88 percent in its first day of regular trading. After-hours, the company is flat.
The company sold 5,115,000 shares in its IPO, raising $87M according to its CEO Chet Kapoor. It trades under the symbol… Read More

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