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Stock impact report

Pivotal Software shares post gains in post-IPO debut [MarketWatch]

PIVOTAL SOFTWARE INC (PVTL) 
Last pivotal software inc earnings: 9/4 04:11 pm Check Earnings Report
Company Research Source: MarketWatch
Pivotal Software stock rises in first day of trading Shares of cloud software company Pivotal Software Inc. PVTL, +2.47% are up 4.9% in their first day of trading Friday. The stock opened at $16.75, 11.7% above its $15 IPO price. The first trade was executed at 10:43 a.m. ET. Pivotal offered 33,117,000 shares of Class A stock, and selling-shareholder Generic Electric Co. GE, +3.25% offered 3,883,000 shares of Pivotal's Class A stock, which amounted to about 20% of the company's stake in Pivotal. Pivotal's software helps firms build and deploy their own cloud software. The company has gone public at a time when the Renaissance IPO ETF IPO, +0.14% is up 2.9% and the S&P 500 SPX, -0.96% is up 0.7%. Show less Read more
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