Shares of Bellevue-based Apptio Inc. reached a high of $23.47 Monday morning after closing at $22.55 on Friday, up from the company’s issue price of $16.

Apptio is the second local tech company to file for an IPO since 2014, and its the first unicorn IPO in the region.

Apptio is a leading provider of cloud-based technology business management software, providing IT leaders and CIOs with data and analytics applications designed to help better plan for future investments. Apptio currently serves more than 325 customers, including Microsoft, AOL, First American, KeyBank, eBay, Molina Healthcare, Freddie Mac, Allianz, and Cox Automotive.