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10/12/2021, 9:39 PM (Source: TeleTrader)
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GitLab seeking $10 billion valuation in US listing

GitLab Inc. said on Tuesday the company would sell its shares between $66 and $69 apiece on its path to go public, significantly higher compared to previous plans.

The coding platform could reach a valuation of $10 billion in its listing in the United States, as the initial public offering is expected to raise an additional $717.6 million.

The main underwriters for the IPO are J.P. Morgan, Goldman Sachs & Co. as well as BofA Securities.

Baha Breaking the News (BBN) / ND