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Morning Report:听Yext’s well received public offering demonstrates how open the IPO window is at the moment. Obvious deduction: go public now.

A little over a year ago, the temperature of the tech industry was low. A short-lived gyration in the Nasdaq closed the IPO window and warnings of an impending winter .

Today, it’s the opposite. IPOs are , Q1 2017 venture activity is , and the public markets are looking fit. It was under that particular climate that Yext went public this morning, after .

Quickly, before we get into why the Yext IPO matters, we need to understand how it is performing in its first public session. Happily, VentureBeat’s Harrison “” Weber this morning from his Brooklyn perch:

Yext, a听10-year-old enterprise tech business听that manages听鈥溾�� 鈥� mmmkay!听鈥� started trading this morning on the New York Stock Exchange at $14 per share, up by听more than 27 percent听from its IPO price of .

The company was valued at around $940 million last night, 听reports, after selling听听to investors for approximately听$115 million.听Yext originally set its expected price range听between .

Sarcasm and italics original, naturally. Yext is now worth over $1 billion on a non-diluted basis.

If you are rolling your eyes slightly at the news of , don’t. Yext is a bit different than other recent successful IPOs like Alteryx and Mulesoft: it is growing more slowly.

In fact, Yext’s 38.5 percent growth rate is around half of fellow-recent IPO Mulesoft’s own 2016 70.3 percent pace of growth. It’s also far below fellow-2017 IPO Alteryx’s 59.4 percent year-over-year growth rate. And yet the market welcomed Yext with above-range pricing and an early pop. We can read that as an indication that companies may not have to hit growth marks to find a place in public markets. And, if that is the case, it’s a good moment for a host of companies to exit. With an听IPO window as open as that, what the hell is any unicorn’s excuse to not go public?

Feel free to find a recalcitrant, well-funded startup and lecture them.

Regardless, it’s a good day for Yext and its investors:

From the

Yext prices IPO

• , which provides a platform for businesses to get listed in maps and search results, priced shares for its IPO at $11 each, slightly above the projected range. Shares of the New York-based company are slated to begin trading on the New York Stock Exchange under the symbol 鈥淵EXT鈥�.

VMware acquires WaveFront

• VMware that it has acquired Silicon Valley-based , a metrics monitoring service for cloud applications, for an undisclosed sum. Four-year-old WaveFront previously raised $66 million from venture investors including Tenaya Capital and Sequoia Capital.

Startups may gain as tech giants cut telework

• Do remote workforces help or hurt a company鈥檚 ability to innovate? There鈥檚 no widely accepted answer to that question, but it鈥檚 clear many companies, including most recently IBM, see face-to-face collaboration as increasingly crucial. For startups, a retreat from teleworking by large enterprises could present an opportunity, according to a SA国际传媒 News .

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