(Reuters) -KKR-backed OneStream’s shares rose nearly 30% in their Nasdaq debut on Wednesday, signaling investor demand for fresh offerings in 2024.
OneStream’s shares began trading at $26 apiece, giving the company a valuation of nearly $6 billion.
The company’s shareholders sold 24.5 million shares priced above range at $20 apiece. OneStream had aimed to price its IPO between $17 and $19 per share.
Founded in 2010, OneStream helps finance chiefs prepare and report financial statements to regulators and investors.
(Reporting by Pritam Biswas in Bengaluru; Editing by Shounak Dasgupta)
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