Kaltura Inc.
KLTR,
+16.45%

received a warm welcome on Wall Street Wednesday, as the New York-based real-time, on-demand video products provider’s stock opened 15% above its initial public offering price. The IPO priced at $10 a share, in the middle of the expected range of between $9 and $11 a share, as the company raised $150.0 million. The stock’s first trade on the Nasdaq was at $11.50 at 12:42 p.m. Eastern for 1.3 million shares. At that price, the company was valued at $1.43 billion. The company went public on day of relatively strong investor interest in IPOs, as the Renaissance IPO ETF
IPO,
+1.54%

rose 1.7% in afternoon trading while the S&P 500
SPX,
+0.64%

tacked on 0.6%.

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