Lars Bjork, Chief Executive Officer of QlikTech (QLIK), rang the NASDAQ opening bell (see pictures) yesterday to take QlikView public. Shares in QlikView began trading at USD12 had a high of just over USD13 and closed at USD12.80 with nearly 8.7m shares traded.
The price was at the high end of expectations and means plenting of funds should now be available to grow the business further.
About Qlik Technologies (QLIK) in 2010
QlikTech’s powerful, accessible business intelligence solution enables organizations to make better and faster decisions. Its QlikView product delivers enterprise-class analytics and search with the simplicity and ease of use of office productivity software. The in-memory associative search technology it pioneered makes calculations in real-time enabling business professionals to gain insight through intuitive data exploration. Unlike traditional business intelligence products, QlikView can deliver value in days or weeks rather than months, years, or not at all. It can be deployed on premise, in the cloud, or on a laptop or mobile deviceâ€”from a single user to large global enterprises. QlikTech is headquartered in Radnor, Pennsylvania, with offices around the world and a network of over 1,100 partners to serve more than 13,000 customers in over 100 countries worldwide.