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.