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Pivotal Software: Skids In IPO, Decent Potential Upside [Seeking Alpha]

Pivotal Software, Inc (PVTL)  More Company Research Source: Seeking Alpha
Last pivotal software, inc earnings: 3/14 04:11 pm Check Earnings Report
PDF Pivotal Software: Skids In IPO, Decent Potential UpsideSummaryPivotal Software priced its IPO at $15, raising $555 million.Shares opened for trading at $16.75, but sold off during the day to give up nearly all of their gains. Shares closed up only 4% at $15.73 on Day 1.This is the first software IPO of the year not to see double-digit jumps from the IPO price.Pivotal trades at 5.8x forward revenues, one of the lowest valuation multiples for a recent tech IPO. [Read more]

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