Palo Alto (PANW) Prices 4.8M Secondary at $63/Share

Palo Alto Networks (NYSE: PANW) has priced 4,800,000 shares of its common stock at $63.00 per share in a secondary offering. All of the shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to 720,000 additional shares of common stock from certain of the selling stockholders. As part of the offering, all selling stockholders have entered into lock-up agreements that will extend the initial public offering lock-up period until 135 days after this offering.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Palo Alto Networks (PANW) call put ratio 1 call to 1.2 puts amid price movement
• Palo Alto Networks (PANW) PT Raised to $415 at BMO Capital
• NTT DATA and Palo Alto Networks form multi-year cybersecurity alliance