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Cyber security company FireEye sets terms for $182 million IPO
By: Renaissance Capital
FireEye, which provides virtual machine-based IT security
software to enterprises and the government, announced terms for
its IPO on Monday. The Milpitas, CA-based company plans to raise
$182 million by offering 14.0 million shares at a price range of
$12 to $14. At the midpoint of the proposed range, FireEye would
command a fully diluted market value of $1.7 billion.
FireEye, which was founded in 2004 and booked $115 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol FEYE. FireEye initially filed confidentially on May 14, 2013. Morgan Stanley, Goldman Sachs, J.P. Morgan and Barclays are the joint bookrunners on the deal.