MuleSoft Makes Debut As Public Company After IPO on NYSE

Today, San Francisco-based MuleSoft made its debut as a public company on the New York Stock Exchange (disclosure: MuleSoft is the parent company to ProgrammableWeb.com). Ahead of the IPO, the company priced its shares at $17 and closed its first day of trading at $24.75.

MuleSoft Rings the Opening Bell at the NYSE

MuleSoft executives gathered on the NYSE balcony to ring the opening bell on the day of their IPO

MuleSoft was founded by Ross Mason in 2006 on the premise that there had to be a better way of integrating systems -- particularly enterprise-grade solutions -- than the sort of point-to-point integrations that were in-vogue at the time. Since then, between the uptake of SaaS-based applications, Web APIs, the Internet of Things, and the cloud in general (as a bona fide approach to enterprise computing), the need to centrally manage and govern all aspects of integration has driven MuleSoft to offer a set of solutions that range from Web services-based approaches to API-led connectivity. The company refers to the fabric of integrated assets its solutions can manage as "the application network." Among other things, MuleSoft's Anypoint Platform enables API providers to centrally address the phases of the API management lifecycle. 

The initial public offering of MuleSoft stock is the latest in a string of equity-related events in the API management space. The most recent of these was acquisition of Akana (formerly SOA Software) by Rogue Wave Software in November 2016. Prior to that, Google announced its acquisition of Apigee which originally was already a public company until Google scooped it up. Also in 2016, Red Hat acquired 3Scale and prior to that, TIBCO acquired Mashery (which was originally acquired by Intel). 

MuleSoft is trading on the NYSE under the symbol MULE.

David Berlind is the editor-in-chief of ProgrammableWeb.com. You can reach him at david.berlind@programmableweb.com. Connect to David on Twitter at @dberlind or on LinkedIn, put him in a Google+ circle, or friend him on Facebook.

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