GitLab stock surges 30% on first day of trading

GitLab Inc. shares surged out of the gate Thursday, rallying more than 20% above its initial public offering price.

GitLab
GTLB,
+32.56%

shares started trading on the Nasdaq at 12:10 p.m. Eastern on Thursday, opening at $94.25, or more than 22% above their IPO’s pricing. They were recently up 29% at $99.23 in late session trading, after hitting an intraday high of $100.18.

Late Wednesday, GitLab priced its stock at $77 a share,…

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