Cybersecurity company Tenable (NASDAQ:TENB) gains 40% on its first day of trading with shares opening at $33.
Tenable had priced 10.9M shares at $23/share, above the expected $20 to $22 range.
The company raised $250M on the IPO and now has a market value over $3B.
Tenable offers subscription-based cyber risk management tools that can help a business quantify the monetary damage that could occur due to different types of security breaches. About 24K client firms have Tenable subscriptions.
