Tuesday, October 17, 2017

ForeScout Sets Estimated IPO Range

San Jose-based ForeScout Technologies has set its estimated pricing range for its IPO, saying that it expects to price its IPO at between $20.00 and $22.00 per share. The company, which has applied to list as FSCT on the NASDAQ Global Market, is selling 4,800,000 shares of its stock in its offering. ForeScout is a developer of network security appliances, which are used to detect devices connected to enterprise networks and help reduce security risks and attacks. The company is led by CEO Michael DeCesare, and is venture backed by Accel, Amadeus Capital, Meritech Capital Partners, Pitango, Wellington Management Company, among others.