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Sumo Logic Priced, Nasdaq: SUMO

Provides on-demand cloud log management solutions to enterprises.

Industry: Technology

Latest Trade: $22.20 0.00 (0.0%)

First Day Return: +22.2%

Return from IPO: +0.9%

Industry: Technology

Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. Our Continuous Intelligence Platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. Continuous intelligence leverages artificial intelligence and machine learning capabilities, and is provided as a multi-tenant cloud service that allows organizations to more rapidly deliver reliable applications and digital services, protect against modern security threats, and consistently optimize their business processes in real time. This empowers employees across all lines of business, development, IT, and security teams with the data and insights needed to address the technology and collaboration challenges required for modern business. With our Continuous Intelligence Platform, executives and employees have the intelligence they require to take prescriptive action in real time -- a modern business imperative.
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IPO News for Sumo Logic
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IPO Data
IPO File Date 08/24/2020
Offer Price $22.00
Price Range $17.00 - $21.00
Offer Shares (mm) 14.8
Deal Size ($mm) $326
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/16/2020
Offer Price $22.00
Price Range $17.00 - $21.00
Offer Shares (mm) 14.8
Deal Size ($mm) $326
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Redwood City, CA
Founded 2010
Employees 710
Website www.sumologic.com