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Sumo Logic Prices IPO at $22 Per Share

By
Ross Matican
· · Source: The Information

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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