Proofpoint (PFPT) IPO Surges Higher
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Proofpoint, Inc. (NASDAQ: PFPT) IPO opened at $16.85 after pricing 6,329,421 shares of its common stock at a price to the public of $13 per share, above the expected $10-$12 range.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are serving as joint book runners for the offering. RBC Capital Markets LLC, Pacific Crest Securities LLC and First Analysis Securities Corp. are acting as co-managers.
Proofpoint is a pioneering security-as-a-service vendor that enables large and mid-sized organizations worldwide to defend, protect, archive and govern their most sensitive data. Our security-as-a-service platform is comprised of an integrated suite of on-demand data protection solutions, including threat protection, regulatory compliance, archiving and governance, and secure communication. Our solutions are built on a flexible, cloud-based platform and leverage a number of proprietary technologies, including big data analytics, machine learning, deep content inspection, secure storage and advanced encryption, to address today's rapidly changing threat landscape.
The company posted revenues of $81.84 million in 2011, up from $64.8 million in 2010 and $48.5 million in 2009. The company posted a net loss of $20.14 million in 2011, versus a loss of $20.87 million in 2010 and a loss of $19.51 million in 2009.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are serving as joint book runners for the offering. RBC Capital Markets LLC, Pacific Crest Securities LLC and First Analysis Securities Corp. are acting as co-managers.
Proofpoint is a pioneering security-as-a-service vendor that enables large and mid-sized organizations worldwide to defend, protect, archive and govern their most sensitive data. Our security-as-a-service platform is comprised of an integrated suite of on-demand data protection solutions, including threat protection, regulatory compliance, archiving and governance, and secure communication. Our solutions are built on a flexible, cloud-based platform and leverage a number of proprietary technologies, including big data analytics, machine learning, deep content inspection, secure storage and advanced encryption, to address today's rapidly changing threat landscape.
The company posted revenues of $81.84 million in 2011, up from $64.8 million in 2010 and $48.5 million in 2009. The company posted a net loss of $20.14 million in 2011, versus a loss of $20.87 million in 2010 and a loss of $19.51 million in 2009.
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