Thursday, February 14, 2008

ArcSight Prices IPO

Cupertino-based ArcSight, which develops security and compliance management software, said Thursday that it has priced its IPO at $9.00 per share. The company is offering 6,861,919 shares of its common stock, which is now trading on the the Nasdaq Global Market under the symbol "ARST". The IPO was underwritten by Morgan Stanley & Co., Lehman Brothers, Wachovia Capital Markets, and RBC Capital Markets. ArcSight is venture backed by Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Integral Capital Partners, New Enterprise Associates, and others.