SecureWorks Prices Initial Public Offering

ATLANTA--(BUSINESS WIRE)-- SecureWorks Corp. (NASDAQ: SCWX), today announced the pricing of its initial public offering of 8,000,000 shares of its Class A common stock at a price to the public of $14.00 per share. In addition, SecureWorks has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of Class A common stock. The shares are expected to begin trading on the NASDAQ Global Select Market on April 22, 2016 under the symbol "SCWX.”

SecureWorks intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include financing SecureWorks’ growth, developing new solutions and enhancements to SecureWorks’ current solutions, funding capital expenditures, and making investments in, and acquisitions of, complementary businesses, services or technologies.

BofA Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan are acting as lead joint bookrunning managers for the offering. Barclays, Citigroup, Credit Suisse, RBC Capital Markets and UBS Investment Bank are acting as bookrunning managers. Pacific Crest Securities, a division of KeyBanc Capital Markets, Stifel, SunTrust Robinson Humphrey and William Blair are acting as co-managers. Academy Securities, Ramirez & Co., Inc., Siebert Brandford Shank & Co., L.L.C. and The Williams Capital Group L.P. are acting as junior co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on April 21, 2016. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717.

About SecureWorks

SecureWorks is a global provider of intelligence-driven information security solutions exclusively focused on protecting its clients from cyber attacks. SecureWorks’ solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches and predict emerging threats.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160421006865/en/

Media Contacts
SecureWorks Corp.
Elizabeth Clarke, 404-486-4492
[email protected]
or
Dell
David Frink, 512-728-2678
[email protected]
or
Brunswick Group
Julien Trosdorf, 415-671-7545
[email protected]
or
Investor Relations Contact
SecureWorks Investor Relations
404-639-9191
[email protected]

Source: SecureWorks Corp.

You May Also Be Interested In

• Anthropic president cites high capital needs as key motive for IPO
• Direct Digital Holdings appoints Ohad Harlev to board of directors
• Quantinuum shares soar in Nasdaq debut with valuation topping $17.6 billion