Compuware-controlled Covisint's shares jump 36 pct in debut
Sept 26 (Reuters) - Shares of Covisint Corp jumped 36 percent to $13.57 in their market debut, valuing the cloud-based supply chain software provider, at about $494 million.
The company, controlled by business software maker Compuware Corp, raised about $64 million after selling 6.4 million shares at $10 each - the mid-point of its expected price range.
Covisint, which counts General Motors Co, AT&T Inc and Daimler AG among its major customers, cut its IPO size to up to $81 million from $100 million last week.
(Reporting by Varun Aggarwal and Avik Das in Bangalore; Editing by Joyjeet Das)