Zoom- and Salesforce-Backed monday.com Jumps on Its IPO

Zoom- and Salesforce-Backed monday.com Jumps on Its IPO

Shares began trading at 12:25 p.m. EDT today, opening at $173.15, 12% above its offering price. Monday.com provides no-code, cloud-based tools and virtual building blocks that help businesses create their own software apps and work management tools. The company attracted a couple of high-profile backers going into its public debut, namely the investing arm of salesforce.com (NYSE: CRM) and Zoom Video Communications (NASDAQ: ZM).