The NASDAQ confetti dropped Friday morning on what has become an unusual target: A Silicon Valley tech company.
Shortly after Twilio hit it big by going public, a second straight tech IPO made big money for its investors.
The stock value of Talend, a Redwood City-based software company specializing in Big Data, as it is called, soared more than 40 percent on its first day of trading.
“I think we put ourselves on the map today,” said Talend’s Ashley Stirrup. And he’s right. Previously under the radar, Talend is now flush with $95 million in IPO cash and it plans to use the funds to grow.
So expect more hiring, and, likely, more tech IPOs.
“It shows a robust economy in the Bay Area,” according to Talend Vice President Mike Pickett.
It also shows investors are willing to look beyond big tech companies and invest in startups.
Scott tracks tech stocks on Twitter: @scottbudman