Infoblox IPO Info
Stock Symbol: BLOX
Exchange: NYSE
Status: Priced
IPO Date: 4/20/2012
IPO Price: 16.00 (12.31%)
Underwriters
Morgan Stanley, Goldman Sachs, UBS, Morgan Keegan, JMP Securities, Pacific CrestAmount of Offering: 120,000,000
Number of Shares Offered: 7.5 Mil
Shares Outstanding After Offering: 44.001 Mil
Valuation: 704,000,000.00
Company Description
Infoblox is a leader in automated network control and provide an appliance-based solution that enables dynamic networks and next-generation data centers.Financial Data
Net revenue increased from $61.7 million in 2009 to $132.8 million in 2011, representing a compounded annual growth rate of 46.7%, and cash flows from operating activities increased from $1.2 million to $21.5 million over that same period.
Net revenue increased from $61.7 million during the six months ended January 31, 2011 to $80.7 million during the six months ended January 31, 2012, representing a 31.0% increase. The company also generated $9.1 million and $9.0 million of cash flows from operating activities during the six months ended January 31, 2011 and 2012.
In 2010, Infoblox had net income of $7.0 million. In 2009 and 2011 and during the six months ended January 31, 2011 and 2012, Infoblox had net losses of $10.4 million, $5.3 million, $0.1 million and $2.8 million. As of January 31, 2012, Infoblox had an accumulated deficit of $102.8 million.
