Shares of the company, which debuted on the New York Stock Exchange nearly a year after it had first filed to go public, opened at $84 each, compared with its IPO price of $67 each. Procore’s strong debut comes in the backdrop of more recent market struggles, this time due to inflation concerns and cryptocurrency price plunges. Those worries had prompted mortgage insurer Enact Holdings and hearing-aid services company Hear.com to postpone their IPOs last week.
