Cloud-based internet of things company Samsara shares jump 8% in trading debut

Shares of Samsara Inc. IOT, +7.78%, a cloud-based internet of things company, jumped 8% in their trading debut Wednesday, after its initial public offering priced at $23, the upper end of its proposed price range. The company sold 35 million shares to raise $805 million a valuation of $11.5 billion. The stock is trading on the New York Stock Exchange, under the ticker “IOT.” Morgan Stanley, Goldman Sachs, JPMorgan and Allen & Co. were lead underwriters in a syndicate of 16…

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