TECH SUPPLIER Dec 2021 - Market Perspective - Doc # US48444421
GitLab Takes DevOps Platform to an IPO
This IDC Market Perspective discusses the IPO in the context of GitLab's history and strategy and highlights the opportunities and challenges the company may face going forward. On September 17, 2021, GitLab announced its initial public offering and in the following month had a successful first day of trading, closing 35% higher than the company's initial listing price.
"GitLab has been on an impressive growth trajectory the past few years," said Jim Mercer, research director, DevOps and DevSecOps. "The recent IPO not only was a logical next step but demonstrates how to grow a company that is founded upon an open source project and leverages a worldwide entirely remote talent pool."