Update on Mar 20, 2014:
A10 Networks, Inc., a US-based provider of networking, security and identity management solutions, has priced its proposed initial public offering (IPO) of 12.5 million shares of common stock at a price of $15 per share to raise gross proceeds of $187.5 million.
The underwriters have been granted a 30-day option to purchase an additional 1.87 million shares of common stock offered by the selling stockholders at offering price to cover over-allotments.
The offering is expected to close on March 26, 2014.
Update on March 10, 2014:
A10 Networks has set the price band for its proposed initial public offering (IPO) of 12.5 million shares at a price between $13 and $15 per share. The gross proceeds from the offering are expected to be between $162.5 million and $187.5 million.
As part of the offering, A10 Networks is offering 9 million shares of its common stock and the selling stockholders are offering 3.5 million shares.
Announcement (February 18, 2014):
A10 Networks has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed IPO of common stock to raise maximum aggregate proceeds of $100 million.
Under the terms of the transaction, A10 Networks is offering shares of its common stock and the selling stockholders are offering shares. The company has also granted the underwriters the right to purchase up to an additional shares of common stock to cover over-allotments.
A10 Networks intends to list common stock on the New York Stock Exchange under the symbol ?ATEN?.
Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, J.P. Morgan Securities LLC, RBC Capital Markets LLC are acting as joint book runners, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Pacific Crest Securities LLC and Oppenheimer & Co. Inc. are acting as underwriters, and Pillsbury Winthrop Shaw Pittman LLP is acting as legal advisor for the offering.