Did HashiCorp raise $1.2 billion?

HashiCorp Inc. raised $1.2 billion in an initial public offering, exceeding its goal for the share sale and adding to a record-setting year for software companies. The San Francisco-based company sold 15.3 million shares Wednesday for $80 each after marketing them for $68 to $72, according to a statement confirming an earlier Bloomberg News report.

How much is HashiCorp (HCP) worth?

The stock, trading under the symbol “HCP,” started trading at $81.16 per share and closed at $85.19, up 6.5% from its $80 IPO price. Based on the offer price, HashiCorp was valued at over $14 billion.

What is HashiCorp's IPO range?

Many tech companies provide higher ranges after announcing an early estimate in the run-up to IPOs, but HashiCorp stuck with its initial range of $68 to $72 announced on Nov. 29. On Wednesday, HashiCorp said it sold 15.3 million shares at a price above the estimated range.

Who founded HashiCorp?

HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar, who met at the University of Washington in Seattle. HashiCorp raised $175 million in a series E financing round last year at a valuation of $5.1 billion, according to a statement.