Monday, October 8, 2012

Palo Alto Networks Sets Secondary Offering

Santa Clara-based Palo Alto Networks said Friday in a filing that it is looking to raised $225M in a secondary public offering, four months after its successful IPO on the NYSE. The firm now trades as PANW. The firm did not specify which of its shareholders intend to sell out stakes in the firm, whose shares are up significantly since its IPO in July.