By  on April 12, 2018

Zuora Inc., a cloud-based subscription management software firm, raised $154 million as the company completed its initial public offering on Thursday.

Eleven million shares were priced at $14 a share Wednesday night and closed at $20 at the end of Thursday’s trading session — its first day of trading — on the New York Stock Exchange. The first day had a range of as high as $21.85 and a low of $19.12, with 13.1 million shares changing hands. Shares trade under the symbol “ZUO.” In after-market trading, the shares gained 2.2 percent to $20.44.

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