Sumo Logic priced its initial public offering at $22 per share, 11% higher than the midpoint of its original expected price range, the firm said in a press release Wednesday evening. At that price, Sumo Logic will be valued at $2.2 billion, marking a $1 billion premium to its last private market valuation of $1.2 billion. Shares of the Redwood City, Calif.-based company will begin trading on the...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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