JFrog Ltd. (FROG) IPO Opens 62% Higher

JFrog Ltd. (NASDAQ: FROG) IPO opens at $71.27 after pricing 8,000,000 shares at $44.

The underwriters have the option to purchase up to an additional 1,735,232 ordinary shares from JFrog at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley, J.P. Morgan and BofA Securities are acting as the lead book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, Stifel, William Blair, Oppenheimer & Co. and Needham & Company are acting as co-managers for the offering.

JFrog’s vision is to enable continuous software updates through liquid software, empowering developers to code high-quality applications that securely flow to end-users without interruption. JFrog products are available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog is trusted by more than 5,800 customers, with top global brands depending on JFrog to manage their software packages for mission-critical applications. JFrog has offices across North America, Europe, and Asia.

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