Instructure Stock Rises After First Day of Trading

Instructure saw its stock close at $18 on Friday, rising 12.5 percent as its first day as a publicly traded company drew to a close. The stock passed $18 by late morning before falling slightly and stabilizing above $17 for much of the afternoon. Last-minute activity pushed the price back to the $18 mark. The company, which develops the learning management system Canvas, set the price of its initial public offering of 4.4 million shares at $16, the lower end of its range.