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Technology / Cybersecurity

FireEye to raise up to $175m in IPO

Cybersecurity firm FireEye has filed for an initial public offering to raise up to $175m.

The Milpitas-based company, led by David DeWalt, a former McAfee CEO, said it plans to use the funding to expand its workforce and boost sales and product development.

Morgan Stanley, Goldman Sachs, JP Morgan and Barclays will act as lead underwriters, BofA Merrill Lynch and UBS Securities will be book runners, while Nomura Securites will act as a co-manager.

FireEye, which tests and blocks new malware threats on the fly, has raised more than $100m in venture funding since it was founded in 2004.

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This article is from the CBROnline archive: some formatting and images may not be present.