LogMeIn Inc., a remote access software company, has followed the very few brave tech companies to go public this year. Like the other tech IPOs in 2009, the market has received the company positively. The stock closed the first day of trading 25 percent higher than its IPO price of $16. Some of the factors that attributed to the high valuation are strong revenue growth, operating profitably, and the ability to expand its customer base at a rapid pace.
Posted by Dang Nguyen
, on 2 July 2009