Veeva Systems stock soars on debut

Oct 16, 2013

Shares of Veeva Systems Inc. are soaring in their trading debut Wednesday after the cloud-based software company raised about $261 million in its initial public offering.

Veeva Systems, which is based in Pleasanton, Calif., makes software for .

The company priced its IPO at $20 per share. That's above the $16 to $18 per share it previously expected.

The stock is up $16.21, or 81 percent, to $36.21.

Veeva Systems did not specify how it would use the money it raises, but said it may use it for acquisitions or investing in other businesses. Its shares are trading on the New York Stock Exchange under the symbol "VEEV."

Explore further: Germany still has some way to go to 'smart factories'

Related Stories

Tableau Software soars in trading debut

May 17, 2013

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.

Recommended for you

Germany still has some way to go to 'smart factories'

16 hours ago

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.