Monday.com Jumps in Debut After Raising $574 Million in U.S. IPO

Monday.com Ltd., the workplace management software maker, climbed in its U.S. trading debut after raising $574 million in an initial public offering.

Shares opened at $173.15 Thursday and traded as high as $182 apiece, or 17% above their IPO price of $155. The stock was trading at $171.48 at 1:39 p.m. in New York, giving Monday.com a market value of $7.5 billion.

The Tel Aviv-based company sold 3.7 million shares for $155 each on Wednesday. It had marketed them for $125 to $140.

Roy Mann, left, and Eran Zinman.

“Usually the software we use around work is what we call rigid software -- meaning ...