IPO Watch: ServiceNow

The initial public offering of cloud based computing service ServiceNow (NOW), the first major tech IPO since Facebook, was met with strong demand by investors, who bid the price up by over 34 percent from the offering price. Other cloud computing companies have done well this year, including GuideWire Software (GWRE), which went public in January, trading at 63% above its initial opening of $16.75.

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