Jumps in Debut After Raising $574 Million in U.S. IPO Ltd., the workplace management software maker, climbed in its U.S. trading debut after raising $574 million in an initial public offering…

Shares opened at $173.15 Thursday and traded as high as $182 apiece, or 17% above their IPO price of $155. The stock was trading at $171.48 at 1:39 p.m. in New York, giving a market value of $7.5 billion.

The Tel Aviv-based company sold 3.7 million shares for $155 each on Wednesday. It had marketed them for $125 to $140.

“Usually the software we use around work is what we call rigid software — meaning you purchase a tool and you get a very specific way to use it,” Eran Zinman, the co-founder and co-chief executive officer of, said in an interview. “With our platform, we gave our users the ability to control their own software. So essentially they can fully customize it.” Inc.’s venture arm and Zoom Video Communications Inc. each agreed to purchase $75 million the company’s shares in a private placement at IPO price, according to’s filings.

Venture capital firms Insight Partners and Stripes, as well as Entree Capital, are among the biggest shareholders of

Zinman, who founded with Roy Mann in 2012, said

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