Brightcove Shares Pop Over 30 Percent On First Trade; Valued At Nearly $400M

Online video service Brightcove has just made its public debut on the NASDAQ under the symbol 'BCOV', with an opening trade of $14.50. This is up over 30 percent from the company's original pricing of $11 per share, after setting the range of $10-$12 per share. At $14.50 per share, Brightcove is valued at $382 million. Brightcove sells online video publishing and distribution services, including Brightcove Video Cloud, an enterprise-friendly online video hosting and management platform, and Brightcove App Cloud, a software application development and management platform designed to help customers publish and distribute video through software apps across multiple Internet-connected devices.

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