Palo Alto Networks files IPO

Palo Alto Networks has recently filed paperwork for a proposed initial public offering (IPO) of $175 million.

Palo Alto Networks (Santa Clara, CA., USA) has recently announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co., and Citigroup Global Markets, Inc. will act as lead joint book-running managers for the offering, and Credit Suisse, Barclays, UBS Securities LLC, and Raymond James & Associates, Inc. will act as book-running managers for the offering.

Source: Palo Alto Networks