Shares of Switch gain, trade above IPO price
Shares of Switch Inc. gained on Tuesday and remained above its initial public offering price.
The Las Vegas-based data center company rose 95 cents, or 5 percent, to close at $19.96
Its initial public offering was priced at $17, above what had been expected in the $14 to $16 range.
It first traded on Friday.
Switch calls itself is a technology infrastructure company. The company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems.
Rob Roy is founder, chairman of the board, and chief executive officer of the company.