FireEye tumbles after pricing stock offering at $82

|By:, SA News Editor

Ahead of its March 19 lockup expiration, FireEye (FEYE -9.7%) is offering 14M shares - 5.6M newly-issued shares, and 8.4M from existing shareholders - at a price of $82 (8% below yesterday's closing price). Underwriters have a sizable 2.1M-share overallotment option (all for new shares).

FireEye, which has forecast a $2.00-$2.20/share loss for 2014 due to massive sales investments, stands to reap gross proceeds of $458M from the offering. The new shares stand to increase FireEye's diluted count by 5%.