AN­TIC­I­PA­TION FOR SENDGRID’S IPO SEES STOCKS RISE

The Denver Post - - BUSINESS - —Ta­mara Chuang, The Den­ver Post

SendGrid’s ini­tial pub­lic of­fer­ing set for Wed­nes­day is ap­par­ently in de­mand as un­der­writ­ers on Tues­day priced the com­pany’s shares at $16 each, which is above the pre­vi­ous range of $13.50 to $15.50.

The com­pany, which han­dles bil­lions of emails be­tween clients and their cus­tomers each day, also in­creased the num­ber of shares it plans to sell by 575,000 for a to­tal of about 8.2 mil­lion shares. The pub­lic of­fer­ing could bring the com­pany $131.2 mil­lion in new money.

SendGrid, whose stock will trade un­der the sym­bol SEND, is one of the few Colorado tech­nol­ogy com­pa­nies to go pub­lic in the past five years.

He­len H. Richard­son, Den­ver Post file

Em­ploy­ees work at SendGrid’s head­quar­ters in down­town Den­ver.

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