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The Cloud Roars Back: Zendesk Pops 40% After IPO

Cloud helpdesk software provider Zendesk popped 40% on its first day of trading after its initial public offering on Thursday. The IPO raised just under $100 million, about $50 million less than what Zendesk initially planned. The $9 price was in the middle of its most recent $8-10 range. The stock opened at about $11.25 on Thursday morning and has been up since.

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