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Algolia’s shares are up +158% to the starting price on the UT platform in October 2019.","link":"https://unitedtraders.biz/investments/open-investment","linkText":"View my portfolio","metaDescription":"Algolia","metaKeywords":"United Traders Feed","metaTitle":"Algolia","path":"algolia-stock-is-now-worth-29-24","text":"Algolia’s engine is optimized to search sites based on context, geolocation data and possible typos. The company serves more than 10,000 clients, including Slack, Stripe, Medium, Zendesk, and Lacoste. \n\nIn September Algolia implemented a stock split ratio of 1 to 3. It increased the number of shares by 3 times, while their price was reduced by 3 times as compared to the previous one. This is a common corporate action among companies with a high stock price.\n\nThe investment in Algolia was first introduced on our platform in October 2019 at $34 per share, with a valuation of $700 million. The company raised $150 million in Series D funding round that valued it at $2.25 billion. \n\nAlgolia processes over 1.5 trillion searches a year and develops other solutions. 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