INFA - Informatica shares climb 10% to reach post-IPO high

Informatica (NYSE:INFA) ended the week on a strong note, as its shares climbed 10% to reach their highest level since the data-management technology company went public almost two months ago. Informatica (INFA) reached as high as $39 a share, Friday, before closing at $38.52 on lighter-than-usual volume of almost 761,000 shares exchanged. The company re-entered the public markets on Oct. 27, when it raised $1 billion in an IPO priced at $29 a share. Informatica (INFA) reported better-than-expected third quarter results on Nov. 30.

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Informatica shares climb 10% to reach post-IPO high