SANTA CLARA, Calif. (TheStreet) — Shares of Infoblox climbed rapidly on the company’s debut as a public company on Friday, just a day after big data specialist Splunk enjoyed a massive IPO pop.
Network automation specialist Infoblox priced its shares at $16 a share on Thursday. The company’s stock was up $5.55, or 34.69%, to $21.55 in afternoon trading as investor appetite for tech IPOs continued. Trading on the New York Stock Exchange, Infoblox opened at $22.50.
A rival of BMC and Alcatel-Lucent, Infoblox touts the ability to help companies manage their rapidly expanding and increasingly complex network infrastructures. The Santa Clara, Calif.-based firm lists semiconductor specialist Marvell, IBM, Best Buy and TiVo as customers
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Original post: Infoblox Busts Big IPO Move