Uri Boness, co-founder of Elastic N.V., from left, Shay Banon, co-founder and chief executive officer of Elastic N.V., Steven Schuurman, co-founder of Elastic N.V., and Simon Willnauer, co-founder of Elastic N.V., ring a ceremonial bell during the company's initial public offering (IPO) at the New York Stock Exchange in New York, U.S., on Friday, Oct. 5, 2018. Elastic had expected to price its initial public offering at $33 to $35 per share.
NEW YORK: Elastic NV co-founder Steven Schuurman more than doubled his fortune in two months to become a billionaire as the software company’s stock skyrocketed.
Shares of Elastic climbed 15% to US$82 at the close in New York, leaving them up 128% since the Oct 4 initial public offering.
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