Altair is Big and Important on Many LevelsĪltair Engineering is a software technology company many have never heard of before. Importantly, while the IPO proceeds will help pay down debt the company has made small acquisitions in the past and will be open to further acquisitions. By the close of the bell, the share price was $18.31. With its IPO share price poised at $13 a share, the company instantly gained millions it intends to use to pay down debt, while shareholders saw 41% rise in their share price on just the first day alone. SolidThinking”s parent company Altair Engineering has gone public raising $156 million on its opening day this past Wednesday, 1 November 2017.
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