Elastic IPO
Elastic is the company behind Elasticsearch, a distributed search and analytics engine used for log analytics, full-text search, and business intelligence. The company provides both open-source and commercial versions of its software stack. Elastic went public in 2018 and serves enterprises looking to search, analyze, and visualize large amounts of data in real-time.
What We Know
Elastic completed its IPO on October 5, 2018, on the New York Stock Exchange under the ticker symbol ESTC. The company priced its shares at $36, raising approximately $252 million. The IPO was well-received by investors interested in the company's position in the search and analytics market, particularly given the widespread adoption of its open-source Elasticsearch technology. Since going public, Elastic has focused on expanding its commercial offerings while maintaining its open-source community. The company has grown its Elastic Cloud business and expanded into security analytics and observability markets. Like many tech stocks, ESTC has experienced volatility, but the company has continued to report growth in its subscription revenue and cloud adoption.
Frequently Asked Questions
Has Elastic had an IPO?
Yes, Elastic completed its IPO on October 5, 2018. The company went public on the New York Stock Exchange under the ticker symbol ESTC.
When is the Elastic IPO date?
Elastic's IPO already occurred on October 5, 2018. The company has been publicly traded since that date on the New York Stock Exchange.
How can I buy Elastic stock?
You can buy Elastic stock through any brokerage account as it trades publicly on the New York Stock Exchange under ticker ESTC. The stock is available through standard trading platforms and brokers.
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