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Cybersecurity unicorn ForeScout Technologies sets terms for $101 million IPO

ForeScout Technologies, which provides enterprise security software for network access control, announced terms for its IPO on Monday.

The San Jose, CA-based company plans to raise $101 million by offering 4.8 million shares at a price range of $20 to $22. At the midpoint of the proposed range, ForeScout Technologies would command a fully diluted market value of $942 million.

ForeScout received a $1 billion private valuation in January 2016.

ForeScout Technologies was founded in 2000 and booked $189 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol FSCT. Morgan Stanley, J.P. Morgan and Citi are the joint bookrunners on the deal. It is expected to price during the week of October 23, 2017.

The article Cybersecurity unicorn ForeScout Technologies sets terms for $101 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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