Samsara Rises 7.4% in Debut After IPO Fetches $805 Million (2)

Samsara Inc., adding to a record year for software listings, rose 7.4% in its trading debut after raising $805 million in an initial public offering at the top of a marketed range.

Shares of the Samsara, which sold for $23 in the IPO, opened trading in New York Wednesday at $24.90. They closed at $24.70, giving the company a market value of more than $12 billion.

Samsara was aiming for its valuation in an IPO to exceed its $5.4 billion value in a funding round in 2020 that was led by Dragoneer Investment Group, Warburg Pincus and General ...