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Looks like the tech IPO winter is over: Coupa's IPO is a smash hit (COUP)

In an encouraging sign for the tech industry, Thursday saw another smash hit IPO. This time it's Coupa, which priced its initial 7,400,000 shares at $18, and opened at $35. At 11 a.m. Eastern time, Coupa was trading above $40, up over 126%. After initially setting an initial price of $14-$16, Coupa bumped up the price of $18 just before its opening day. Even with that bump, the valuation of the company was $866 million and that was below what its private venture funds had thought it was worth.
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