Pivotal Software Marks First Trading Day on NY Stock Exchange

Pivotal Software, Inc., opened for trading on the New York Stock Exchange under the ticker symbol “PVTL” following its initial public offering. According to TechCrunch, Pivotal Software’s debut closed at $15.73 after pricing the IPO at $15, allowing the company to raise $555 million and reaching a market cap of more than $3 billion.

Pivotal Software, which was founded in 2013, combines cloud-native platform, tools, and methodology to help organizations adapt to change and build software by unleashing developer productivity.