GRP Partners Gets IPO At Qualys

Los Angeles-based venture capital firm GRP Partners has just chalked up an IPO for its portfolio, with the IPO this morning of Redwood City-based Qualys. Qualys priced its IPO last night at $12.00 per share, and was slightly up in morning trading. The firm priced in the midrange of its initial estimate IPO range, which was $11.00 to $13.00 per share. GRP Partners owns 8.3% of Qualys after the IPO, and had initially held a 10.67% stake in the company before the public offering. GRP's investment in Qualys is overseen by Yves Sisteron.