By Michael Teich
Pluralsight, a platform for online learning courses, was off to an auspicious start as a publicly traded company Thursday when the stock opened 33 percent above its IPO price on the Nasdaq.
Shares of the Utah-based tech company, which are trading under ticker symbol “PS”, opened for trading at $20 a share compared with the IPO price of $15. Pluralsight's CEO, Aaron Skonnard, told Cheddar that Wall Street was optimistic because investors realize that his company's cloud-based platform is well positioned to close a “massive skills gap” created by rapidly changing technology.
Pluralsight is the first company from Utah to go public in 2018. Skonnard said there are advantages to creating a technology company in Utah instead of Silicon Valley, including a thriving tech community in “Silicon Slopes” that attracts talent away from the San Francisco Bay area. The lower cost of living in Utah is also a “big home run” for employees.
For the full interview, click here.