Sprout Social completed its IPO, pricing its shares at $17 apiece, in the middle of the expected range

Shares are expected to begin trading today on the Nasdaq market. The offering brought the company $156 million. Sprout is Chicago’s first venture capital-backed tech company to go public in five years.

The company, which employs about 600 people, makes subscription software that allows companies to manage their social media accounts. It was founded in 2010. 

The market for tech IPOs had been shaky after WeWork pulled its offering at the end of September and Peloton’s debut ended up in a skid.

But it looks to be back on track. Shares in Bill.com, which, like Sprout, provides software to small and midsize businesses, jumped 61 percent yesterday on their first day of trading. 

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