Shares of Coupa (COUP) , which makes cloud-based software, surged following their debut at the Nasdaq Thursday. Early in the trading day, the stock more than doubled from its $18 offer price. Coupa's software helps companies manage spending, and counts Groupon (GRPN) , Salesforce (CRM) , and Staples (SPLS) as its customers. While the company has yet to turn a profit, it's seen revenue growth in the last 30 quarters. Coupa CEO Rob Bernshteyn says he's focused on building a recurring revenue stream and wouldn't project when Coupa would become profitable.
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