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GitLab stock pops 35% on first day of trading after IPO

GitLab Inc. shares surged in their trading debut Thursday, closing up 35% higher than the DevOps software company’s initial public offering price.

GitLab GTLB shares started trading on the Nasdaq at 12:10 p.m. Eastern on Thursday, opening at $94.25, more than 22% higher than the IPO price. Shares closed up 35% at $103.89, following an intraday high of $105.99.

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