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FireEye To Raise $196M In IPO

|Includes:INTC, Symantec Corporation (SYMC)

Originally published at www.seclive.com

FireEye Inc., an anti-malware software company, has filed for an IPO that could raise as much as $196M. The company, which is led by former McAfee executive David DeWalt, helps other businesses take protective measures against malicious software. FireEye intends to offer 14 million shares priced between $12.00 and $14.00 per share, which would result in as much as $196M if priced at the high end. The company has successfully developed software to stop malware that has gotten past very reputable companies like Symantec's (NASDAQ:SYMC) Norton and its competitor McAfee. DeWalt, who crafted the McAfee sale to Intel (NASDAQ:INTC) in 2011 for $7.7B, has stated he is currently focused on the company's growth rather than profitability. Proceeds from the offering would be used for working capital. Joint bookrunners to the offering are Barclays, JPMorgan, Morgan Stanley, and Goldman Sachs.

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Stocks: SYMC, INTC