JFrog, which describes itself as “the “Database of DevOps” and de-facto standard in release and update management”, raised $509 million in an initial public offering (IPO) of 11,568,218 ordinary shares at a price to the public of $44.00 per share.
The shares (Nasdaq: FROG) began trading on Wednesday and closed at $64.79, up 47%.
JFrog products are available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog claims more than 5,800 customers.
JFrog has headquarters in both Netanya, Israel and Sunnyvale, California.
