Software company JFrog raises IPO price range to $39 to $41 vs. prior $33 to $37

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Israeli software company JFrog Ltd. raised the proposed price range for its initial public offering on Monday to $39 to $41 from a prior $33 to $37. The company is planning to offer 11.6 million shares to raise up to $475.6 million. The company has applied to list on Nasdaq under the ticker “FROG.” There are nine banks underwriting the deal, led by Morgan Stanley, J.P. Morgan and BofA Securities. Proceeds will be used for general corporate purposes. ” We provide an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management, or CSRM,” the company says in its prospectus.
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