Qualys sets range at $11-13 for $91 million US IPO


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Qualys, which provides cloud-based information security and compliance software solutions, announced terms for its IPO on Wednesday. The Redwood Shores, CA-based company plans to raise $91 million by offering 7.6 million shares (12% insider) at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Qualys would command a fully diluted market value of $414 million. Qualys, which was founded in 1999 and booked $83 million in sales for the 12 months ended June 30, 2012, plans to list on the NASDAQ under the symbol QLYS. J.P. Morgan and Credit Suisse 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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