12:53 PM EDT, 07/24/2024 (MT Newswires) -- OneStream's (OS) class A shares debuted on Nasdaq Wednesday with an opening price of $26, above the initial public offering price of $20 per share.

The shares were most recently changing hands at $26.61 apiece, up about 33% from the IPO price.

The company is offering 24.5 million class A common shares, consisting of about 18.05 million shares from the company and about 6.45 million shares from existing shareholders.

Underwriters, including Morgan Stanley, JPMorgan and KKR, have been granted a 30-day option to purchase up to about 3.7 million additional class A shares.

The enterprise finance platform plans to use a portion of the net proceeds to purchase equity interests in OneStream Software and class C common stock from its existing shareholders.

Price: 26.65, Change: +6.65, Percent Change: +33.25