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Anticipation for SendGrid’s IPO prices stock higher; shares added for public debut

Denver email firm will be among first Colorado software IPO in years

Employees work at SendGrid at the company's headquarters at 1801 California St. in Denver, Feb. 1, 2017. SendGrid is a transactional email delivery and management company that provides cloud-based services for clients. The space was designed by Hampton Architecture and intentionally had desks close to windows to make for a more enjoyable working space.
Helen H. Richardson, The Denver Post
Employees work at SendGrid at the company’s headquarters at 1801 California St. in Denver, Feb. 1, 2017. SendGrid is a transactional email delivery and management company that provides cloud-based services for clients. The space was designed by Hampton Architecture and intentionally had desks close to windows to make for a more enjoyable working space.
Tamara Chuang of The Denver Post.
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SendGrid’s set for Wednesday is apparently in demand as underwriters on Tuesday priced the company’s shares at $16 each, which is above the .

The company, which handles billions of emails between clients and their customers each day, also increased the number of shares it  for a total of about 8.2 million shares. The public offering could bring the company $131.2 million in new money.

SendGrid, whose stock will trade under the symbol SEND, is one of the few Colorado technology companies to go public in the past five years.

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