IPO: Cometh the hour, cometh the stock

The May IPO of video conferencing platform Pexip was an all-round virtual success.

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Pexip, a Norwegian video conferencing platform, wrapped up a $200 million IPO in May that saw a terrific response from investors in spite of – or perhaps because of – the coronavirus crisis that pushed the deal into the virtual arena after just a few in-person meetings.

The stock soared on its May 14 debut, but how to celebrate the open without being able to ring the bell in person for the cameras at the Oslo Stock Exchange? Answer: one video conference platform and a lot of old-school couriers.

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