ForeScout Technologies Inc. (FSCT) Prices 5,28M Share IPO at $22/Sh
ForeScout Technologies, Inc. (NASDAQ: FSCT), a leading Internet of Things (IoT) security company, today announced the pricing of its initial public offering of 5,280,000 shares of its common stock at a price to the public of $22.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on October 27, 2017 under the symbol "FSCT." The offering is expected to close on October 31, 2017, subject to customary closing conditions.
ForeScout has granted the underwriters a 30-day option to purchase up to 792,000 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Citigroup Global Markets Inc. are acting as lead book-running managers for the offering. BofA Merrill Lynch and UBS Securities LLC are also acting as book-running managers for the offering. KeyBanc Capital Markets Inc. is acting as a co-manager.