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Ignition Portfolio Firm Splunk Has Stunning IPO Debut

Investors over at Ignition Partners are bound to be celebrating this morning, as one of its portfolio firms, Splunk, had a stunning IPO debut, rising to nearly double its IPO debut price. Splunk debuted this morning at $17.00, and was trading over $32.00 a share in morning trading. The developer of enterprise indexing software had priced well above its initial $11.00 to $13.00 estimated IPO range, which itself had been upgraded from an earlier $8.00 to $10.00 per share earlier this week. Ignition owned about 12.3 percent of Splunk before its IPO.


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