Friday, October 27, 2017

Forescout Raises $116M In IPO

San Jose-based network security hardware and software developer ForeScout has raised $116M in its IPO, and has started trading this morning on the NASDAQ Global Market as FSCT. The company priced its IPO at $22 per share last night in its IPO, raising $116M in its offering. The company had originally estimated IPO pricing at between $20.00 and $22.00 per share. ForeScout was venture backed by Accel, Amadeus Capital, Meritech Capital Partners, Pitango, Wellington Management Company, and others. The company's IPO was underwritten by Morgan Stanley, J.P. Morgan, Citigroup, BofA Merrill Lynch, UBS Investment Bank, and KeyBanc Capital Markets.