Samsara prices its IPO at $23 per share

San Francisco-based internet of things company Samsara priced its IPO at the top end of the range last night at $23 per share before going public later today on the New York Stock Exchange under symbol “IOT.” The company raised $805 million by selling 35 million Class A shares in the offering and is valued at $11.5 billion at $23 per share.

Founded in 2015, Samsara was last valued at $5.40 billion after closing a $700 million Series F round led by Dragoneer Investment Group, Warburg Pincus, and General Atlantic in May 2020.