Qualys IPO to watch: The cloud computing company Qualys announced its IPO (initial public offering) price of $12 per share, the median of the previously estimated Qualys IPO price range between $11 and $13. Calculating by the public offering price, the company is valued at $414 million. Qualys intends to raise funds of approximately $91 million and get listing on the Nasdaq Stock Exchange under the symbol “QLYS.”
The company will offer 6.7 million shares and selling shareholders will offer 0.875 millions shares. JP Morgan and Credit Suisse are acting as the joint book-runners.
RBC Capital, Pacific Crest Securities, Robert W. Baird, JMP Securities, Lazard Capital Markets and First Analysis Securities also joined Qualys IPO underwriting syndicate. Underwriters have an option to purchase up to an additional 1,136,250 shares at Qualys IPO price to cover over-allotments.
Qualys previously filed the listing application with the SEC on June 13 this year. It proposed to raise as much as $100 million by offering about 8 million shares. Qualys was established in 1999, and is headquartered in Redwood Shores, California, with offices in China, France, Germany, Japan, the United Arab Emirates and the United Kingdom. The company had already got venture capital financing from ABS Ventures, GRP Partners, Mercury Interactive Trident Capital and VeriSign.
Qualys is the only security company offering different solutions through a single software platform. Its QualysGuard ® is the most widely used SaaS mode security solution, which is deployed by the largest number of users worldwide. QualysGuard ® reviews more than 500 million IPs audits per year, and is deployed in more than 5,000 different organizations over 85 different countries, including 45% of the Fortune 100. The company grew revenue by 16% to $76.21 million and posted a gross profit of $62.96 million and a net profit of $ 19.54 million.
Read more: QLYS stock closed 18% over Qualys IPO price.