Sunday, July 22, 2012

Palo Alto Networks Rises 26.5% in IPO

On the first day of trading, shares in Palo Alto Networks (NYSE: PANW) rose 26.5% to close at $53.13.

This gives the company a market cap of $1.09 billion.

President and CEO Mark D. McLaughlin, joined by members of Palo Alto Networks’ leadership team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and ringing The Opening Bell.

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