June 24 (Reuters) – Shares of Confluent Inc (CFLT.O) jumped more than 22% in their U.S. stock market debut on Thursday, giving the event streaming platform a market capitalization of over $11 billion.
The Mountain View, California-based company’s shares opened at $44 apiece, compared with the initial public offering (IPO) price of $36 per share. The company sold 23 million shares in its IPO, raising about $828 million.
“Part of the goal of taking the company public is to set us up to raise capital to increase our visibility to the larger set of investors and customers,” Confluent Chief…
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