PagerDuty seeks $1.69 billion valuation in its upcoming IPO and raises its price range, even as Lyft falters on the public markets

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IT software company PagerDuty raised its price range to $21 to $23 per share for an IPO expected for Thursday.

On Tuesday, IT unicorn PagerDuty raised the price range for its upcoming IPO to $21 to $23 per share, up $2 from the figures it gave previously.

IT unicorn PagerDuty raised its IPO price range Tuesday to $21 to $23 per share, up $2 from the figures it had originally reported when it filed to go public. PagerDuty, which is run by CEO Jennifer Tejada, is expected to start trading Thursday on the New York Stock Exchange under the ticker PD. If PagerDuty prices at $23, the company could raise a total of $240 million, assuming the underwriting banks buy their allotments in full.Harvard researchers say that Lyft investors will likely come to regret giving the cofounders so much control with so little stock

 

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