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U.S.-Israeli tech firm JFrog looks to raise $428 mln in U.S. IPO

Sept 8 (Reuters) - U.S.-Israeli technology provider JFrog Ltd is looking to raise up to $428.1 million in its initial public offering in the United States, the company said on Tuesday.

JFrog will sell 8 million ordinary shares, while existing shareholders will sell 3.57 million shares, the company said bit.ly/3jQysue in a securities filing.

It expects its shares to be priced between $33 and $37 per share.

Sunnyvale, California-based JFrog, founded in 2008, develops tools for automating the process of building and maintaining apps and counts Amazon Inc, Alphabet Inc-owned Google and Netflix Inc among its customers.

Tech stocks have been at the forefront of a revival in investor interest in IPOs after a pandemic-induced dry spell in recent months.

Peter Thiel-backed data analytics firm Palantir Technologies Inc, workplace software maker Asana Inc and Sequoia-backed data warehouse firm Snowflake are also seeking to go public later this year.

Morgan Stanley, JPMorgan Chase & Co and BofA Securities are among the underwriters to the IPO.

Reporting by Abhishek Manikandan and Niket Nishant in Bengaluru; Editing by Ramakrishnan M.

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