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Now that we know the date, let's talk about the IPO price and how the stock performed initially. Olo priced its IPO at **$25 per share**, which was above the initial price range of $16 to $18. This strong pricing indicated high investor demand and confidence in Olo's future prospects. The company offered 18 million shares of its Class A common stock, raising a significant amount of capital. On its first day of trading, Olo's stock **surged by more than 39%**, closing at $34.70 per share. This impressive debut underscored the market's enthusiasm for Olo and its business model. The initial performance of the stock was ipsepseijpsese morgan news release a clear indication of the company's potential and its appeal to investors. The surge in price on the first day of trading also reflected the strong demand for technology companies in the market at the time. Olo's successful IPO was a validation of its strategy and its ability to execute its growth plans. The initial performance of the stock set the stage for the company's future as a public entity. Investors closely monitor the IPO price and initial performance as key indicators of a company's value and its prospects for long-term success. Olo's strong debut provided a solid foundation for its journey in the public market.
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* **_Radar Beam Limitations_**: The radar beam's coverage can be limited by the curvature of the earth and by obstacles. Radar is most effective at closer ranges. The data may not be reliable at greater distances.
