- Domo, a Utah-based analytics company, closed 13 percent down on Monday.
- The data analytics company, once valued at over $2 billion in the private markets, had a rocky IPO on Friday.
Domo, a Utah-based analytics company, saw its stock price fall 13 percent on Monday, following a on Friday.
After bouncing around the board, Domo’s price settled Friday at $27.30 per share, 30 percent above its opening value of $23.80.
Domo opened Monday morning nearly 6 percent lower at $25.43, and closed at $23.75.
Domo, once privately valued at over $2 billion, had negative cash flow as of the end of last year and only $71 million in cash as of April, according to its most recent filing. The company is now valued at less than $600 million on the public market.