Account aggregation specialist Yodlee saw its shares soar more than 40% on its market debut after raising $75 million in its initial public offering.
Shares were priced at $12, the mid point of the expected price range of $11 to $13 per share, valuing the firm at around $340 million. In morning trading on the Nasdaq share quickly hit $16.81, up more than 40%.
Founded in 1999, Yodlee scrapes together consumer financial data from thousands of sources for more than 750 clients, including nine of the 15 biggest US banks.
Although it survived the dotcom carnage, Yodlee has had only one profitable year in its 15-year history. For full-year 2013, the company posted a loss of $1.2 million and in Q1 2014 it was $0.6 million in the red on revenues of $16.7 million.
The firm's largest shareholder is Warburg Pincus, with 37%. Accel Partners, Bank of America, Institutional Venture Partners and ACI Worldwide all also hold stakes.