AVG IPO: The Internet security company AVG Technologies NV filed the F-1 documents to the U.S. SEC, intended to start the IPO on the New York Stock Exchange with the ticker symbol “AVG” and raise fund up to $125 million. Morgan Stanley, JP Morgan Chase, Goldman Sachs, Allen & Co. and Cowen & Co will be this IPO’s underwriters.
The AVG Technologies NV is a software security provider headquartered in Amsterdam, Netherlands and founded in 1991. It is the world’s fourth largest supplier of antivirus softwares with 500 employees globally and it has offices in the United States, Britain, the Netherlands, the Czech Republic and Germany. As of September 30, 2011, AVG has about 106 million active users.
The AVG’s revenue climbed from $114 million to $ 217 million 2008 to 2010 with a 38.1% compound annual growth rate, the adjusted net income increased from $33.1 million to $67.2 million with a 42.5% compound annual growth rate. The first nine months revenue of 2011 was $198 million,while the adjusted net income was $105 million. Read the latest posts about the AVG IPO.
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