By Echo Wang
(Reuters) – Cloud software vendor HashiCorp sold shares in its initial public offering (IPO) on Wednesday, above its target range to raise $1.2 billion, a person familiar with the matter said.
HashiCorp priced 15 million shares at $80 per share, the source said. The company had planned to sell shares at $68 to $72 apiece.
The IPO values Hashi at $14 billion.
The source requested not to be identified ahead of an official announcement. HashiCorp did not immediately respond to a request for comment.
(Reporting by Echo Wang in Taos, New Mexico; Editing by Chris Reese)
