Splunk Had the Best Stock Debut Since LinkedIn...What Is It, Exactly?
A tech company called Splunk, Inc. (SPLK) shot up 109% on its first day on the Nasdaq Stock Market, the Wall Street Journal reports, raising its market value to more than $3 billion dollars.
With an initial public offering of $17 per share, Splunk’s stock closed at $35.48 – an increase of 108.7% – with a total of 13.5 million shares sold at a price above the $11 to $13 range they were expecting, despite experiencing a technical glitch at one point during the day.
Short for “spelunking,” or exploring caves, Splunk handles what’s known as “Big Data” from websites, applications, servers, networks and mobile devices. Big
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