Zendesk braved what has been a brutal market for cloud and enterprise tech companies in recent weeks by going public Thursday, and so far the helpdesk software maker is off to a strong start, up 49% from its $9 price point at market close. That’s a major relief to other companies like Box and MobileIron who had also slowed down their IPO processes looking for safer passage. And it’s a major win for Zendesk’s early investors–but an opportunity lost for Boston to have boasted its next big public tech company.
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