Shares in SolarWinds, which provides IT management software, began trading on the NYSE under the ticker symbol “SWI”. The company offered 25,000,000 shares of its common stock at a price to the public of $15.00 per share. Trading on Friday, 19-October-2018, closed at $15.03.
SolarWinds, which is based in Austin, Texas, began operations in 1999 and completed its first IPO in 2009 as a point provider of on-premise network management products. In February 2016, the company was acquired by affiliates of investment firms Silver Lake and Thoma Bravo and went private.
