Talend, Silicon Valley’s Latest Tech IPO, Has a Strong Debut

Silicon Valley's second tech IPO of the year kicked off with a bang Friday, offering fresh evidence that the stagnant market may be on the rebound.

Shares of data-software company Talend jumped 42 percent in the first day of trading, closing at $25.50, up from the initial public offering price of $18. The strong debut for the $94.5 million IPO is another good sign for investors who have been itching to see a few more valley offerings this year.

"I think it just shows that the demand is there and that the IPO window is opening again, or is open," said Adley Bowden, vice president at private equity and venture capital database PitchBook. "I expect to see more companies list to go public."

Like Twilio, the first valley company to go public this year, Talend enjoyed a solid first-day spike even after pricing above its expected $15-to-$17 range. Experts say the bump is a positive sign for a market that is just beginning to recover from a freeze that didn't produce a single tech IPO out of Silicon Valley in the first half of the year. Talend's value was about $713 million when the market closed Friday, though that number could grow if investors take advantage of an opportunity to buy additional shares.

"As Talend's IPO shows, if you have a strong company with strong differentiation in large markets, great growth balanced by positive cash flow, the markets are very interested in investing," CEO Mike Tuchen said in an interview Friday. "And I hope that we can be an example, and I hope that we'll see a strengthening IPO environment in the coming months."

Talend, which is trading on the Nasdaq under the symbol TLND, is the third in a monthlong string of strong tech IPOs. It follows the successful debut of San Francisco-based cloud...

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