I3 Verticals stock soars after IPO


Shares of I3 Verticals Inc.
IIIV,
+3.60%
have soared 42% in Thursday trading, following the payments company’s initial public offering. I3 priced its IPO at $13 a share late Wednesday, and shares are now trading above $18. The company priced 6.65 million shares, and its offering raised about $86 million. The first trade was executed for $18 at 11:12 a.m. ET. The company makes payment software solutions for small- and medium-sized businesses. Its IPO comes as the Renaissance IPO ETF
IPO,
+1.42%
is up 8.9% this year and the S&P 500
SPX,
+0.88%
is up 3%.


View more information: https://www.marketwatch.com/story/i3-verticals-stock-soars-after-ipo-2018-06-21

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