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IPO Report: PagerDuty IPO: 5 things to know about the DevOps company

PagerDuty Inc. late Tuesday hiked the pricing range of its coming initial public offering, signaling heightened demand for its shares as it joins the stampede of IPOs from tech startups expected this year.

In a Securities and Exchange Commission filing, PagerDuty PD, +0.00% raised the expected pricing for its IPO to a range of $21 to $23 a share, up from its previous range of $19 to $21 a share set on April 1. PagerDuty plans to offer 8.5 million shares and selling stockholders 570,000 shares, while underwriters are being offered options for an additional 1.36 million shares, which could push what the company raises up to $239.9 million.

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