Gigamon Shares Jump In IPO Debut At NYSE

Data-management technology company Gigamon Inc. soared over 30 percent in its initial public offering on Wednesday at the New York Stock Exchange (NYSE). Gigamon will begin trading today on the NYSE under the ticker symbol "GIMO". Gigamon, valued at about $680 million at the opening price, raised near $85.5 million after pricing the offering of 6.75 million shares at $19 each, the midpoint of the expected range.