BUFFALO, N.Y. — A Buffalo startup is finding success on Wall Street.
ACV Auctions became a publicly traded company on the NASDAQ stock exchange this week, selling more than 16 million shares for $25 dollars each, which is even higher than predicted.
The software company first gained attention during 43 North's 2015 startup competition, where it won one million dollars for its initial product and hiring.
ACV was the first Buffalo software startup to achieve unicorn status, meaning it was valued at $1 billion by venture capital firms investing in it.
43 North is proud to have played a part in the company's success and says it may make companies consider Buffalo in future endeavors.
"You can do anything in Western New York. You can start a company, move a company here, and now IPO. It really rounds out our success story and what's to come essentially this is just the beginning," Colleen Heidinger, 43 North president, said.
Even after being successful nationally, the company's headquarters remains in Buffalo, as do 500 of its 1,500 hundred employees.