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ServiceNow Finds Smooth IPO Sailing After Facebook

Venture Capital Dispatch (WSJ) — July 2, 2012 by Matthew Wong:  With Facebook’s bungled public debut and lingering concerns in the economy, ServiceNow’s strong showing Friday buoyed an otherwise disappointing quarter for venture liquidity.

Up 37% from its $18 IPO price at the end of its first day of trading, ServiceNow, which provides cloud-based IT software services, could spur demand for more near-term deal flow as companies such as Palo Alto Networks and Kayak Software consider IPOs.

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