Billionaire Tom Siebel Does It Again: Shares Of C3.ai Soar 140% In First-Day Trading At IPO
In June, Tom Siebel predicted another recession, this one triggered by the spread of Covid-19. Now as his software business C3.ai goes public on the New York Stock Exchange, the billionaire entrepreneur is glad he was wrong. C3.ai priced at $42 on Tuesday night, selling 15.5 million shares and raising $651 million in new funding. Shares of …