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Palo Alto Networks prices IPO at $42, well above upwardly revised range

By Renaissance Capital,  July 19, 2012, 08:38:02 PM EDT

Palo Alto Networks, which provides firewall products to 7,750 enterprise customers, raised $260 million by offering 6 million shares at $42, well above the upwardly revised range of $38 to $40. The company had originally filed a range of $34 to $37. Palo Alto Networks plans to list on the NYSE under the symbol PANW. Morgan Stanley, Goldman Sachs and Citi acted as lead managers 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: PANW



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