Mobile security SaaS provider MobileIron sets terms for $100 million IPO

By
A A A

MobileIron, which provides enterprises with a mobile SaaS security platform for secure access and content, announced terms for its IPO on Thursday. The Mountain View, CA-based company plans to raise $100 million by offering 11.1 million shares at a price range of $8 to $10. At the midpoint of the proposed range, MobileIron would command a fully diluted market value of $763 million.

MobileIron, which was founded in 2007 and booked $108 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol MOBL. The company initially filed confidentially on March 10, 2014. Morgan Stanley, Goldman Sachs, Deutsche Bank and Barclays are the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: News Headlines , IPOs

Referenced Stocks: MOBL

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Visualizing Healthcare MG
Visualizing Healthcare MG           
Power on/Power Off IPC
Power on/Power Off IPC              
Spot the Dropout RRC
Spot the Dropout RRC                
Power on/Power Off
Power on/Power Off                  

Stocks

Referenced

Most Active by Volume

105,858,039
  • $10.50 ▲ 3.04%
105,433,684
  • $29.22 ▲ 4.62%
72,716,790
  • $16.36 ▼ 0.49%
51,381,067
  • $113.29 ▲ 0.33%
47,443,661
  • $2.39 ▲ 4.82%
45,387,229
  • $5.78 ▲ 0.87%
45,001,566
  • $105.62 ▼ 0.02%
42,379,286
  • $28.42 ▲ 2.53%
As of 8/28/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com