Shares of Smartsheet Inc.
SMAR, + 23.53%
rose 22% on Friday's first trading day after trading at $ 15 overnight. The first trade was executed for $ 18.40, and stocks will continue trading a few minutes later. The cloud software company Smartsheet will go public the same day as DocuSign Inc.
The IPOs come as a Renaissance IPO ETF
rose 2% by 2018 and the S & P 500
has dropped by 0.4%.