Big data firm Sumo Logic’s shares surge 21% in Nasdaq debut

(Reuters) – Shares of Sumo Logic Inc jumped 21% in their Nasdaq debut on Thursday, after the big data firm raised $325.6 million in its initial public offering.

The company’s stock opened at $26.64 per share compared with the IPO price of $22 per share.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)