Avast Software (AVST) Sees IPO Price of $9-$11

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According to an amended F-1 filing after the close Thursday, Avast Software N.V. (Nasdaq: AVST) disclosed it is looking to sell 9 million shares of common stock at an initial public offering price in the range of $9 to $11 per share. The company plans to list on the NASDAQ under the symbol "AVST."

The offering is being made through UBS, Deutsche Bank, Jefferies, Pacific Crest and Macquarie.

Avast is a global provider of security software delivered through a free-to-premium, or "freemium," model. The company's software is currently the world's most widely-used consumer security software, with over 159 million actively protected devices as of June 30, 2012 in almost every country in the world.

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