GitLab’s market value following the IPO is $15B. Its co-founder, Dmytro Zaporozhets, now has an estimated wealth of $384M
21 October, 2021, 11:46
On October 14, 2021, GitLab went public on NASDAQ. Now its shares cost $107 apiece, which means that GitLab’s co-founder, Dmytro Zaporozhets from Kharkiv, who owns 2.5% of shares, now has a fortune of $384 million. He disclosed the exact size of his stake in an interview with Forbes.ua.
- The total number of the company’s shares is 143,534,821. Thus, at a price of $107 per share, the capitalization of the company amounts to $15.35 billion. And Zaporozhets fortune, based on his 2.5% stake, is now estimated at $384 million.
- On the first day of trading, the highest price per share was $106.70, and the lowest — $93.11.
- To recap, after the first day of the IPO, the shares of GitLab closed their first day of trading at $103.89, up 35%. And before the IPO, the company expected the price per share to be around $66-$69.
Previously, AIN.UA published an interview with Dmytro Zaporozhets about the founding of the company: