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Blue Coat is back; Web securities firm files for an estimated $500 million IPO

Blue Coat, a Bain Capital-backed network security and optimization solutions provider, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. The deal size is likely a placeholder for an IPO that we estimate could raise $500 million.

The Sunnyvale, CA-based company was founded in 1996 and booked $598 million in sales for the 12 months ended April 30, 2016. It plans to list on the NYSE under the symbol BLCT. Morgan Stanley, J.P. Morgan, Credit Suisse and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Blue Coat is back; Web securities firm files for an estimated $500 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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

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