LifeLock (LOCK) fails to secure an identity as a successful IPO. After pricing its 15.7M-share...

|By:, SA News Editor

LifeLock (LOCK) fails to secure an identity as a successful IPO. After pricing its 15.7M-share offering at $9 (below a prior range of $9.50-$11.50), the ID theft protection services firm opened at $8.38 and is currently moving at $8.72, down 3.1%. That's good for a market cap of $727M. LifeLock posted 1H revenue of $125.5M (+38% Y/Y) and net income of $1.2M.(previous) (S-1)