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SecureWorks, first tech IPO of 2016, opens at $13.89 after pricing at $14 a share

SecureWorks priced at $14 a share Thursday night, below the expected range of between $15.50 and $17.50.

By CNBC
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SecureWorks’ stock whipsawed Friday on its first day of trading as a public company.

Shares of the cyber security company, listed under the ticker “SCWX,” opened lower at $13.89, but quickly recovered, last trading slightly higher above $14. This is the first initial public offering (IPO) of a U.S. technology company in 2016.

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This article originally appeared on Recode.net.

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