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Personal ID Security Provider LifeLock (LOCK) Files $175M IPO

August 28, 2012 5:14 PM EDT Send to a Friend
LifeLock, Inc. (NYSE: LOCK) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $175 million. LifeLock filed to list on the New York Stock Exchange under the ticker "LOCK."

The offering is being made through Goldman, Sachs & Co., BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, Canaccord Genuity, and Needham & Company.

The company generated revenue of $193.9 million during 2011 and $125.5 million during the six months ended June 30, 2012. LifeLock recorded a net loss of $4.3 million for the year ended December 31, 2011. Net income for the six months ended June 30, 2012, was $11.6 million, which included a $14.3 million income tax benefit resulting from our acquisition of ID Analytics.

They generated cash flow from operating activities of $24.3 million during 2011 and $23.1 million during the six months ended June 30, 2012.

LifeLock is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.




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