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Rapid7 prices IPO above the range at $16

July 17, 2015
RPD

Rapid7, which provides enterprise network security software, raised $103 million by offering 6.5 million shares at $16, above the range of $13 to $15. Existing investor TCV invested an additional $5 million in a concurrent private placement at the IPO price. Rapid7 plans to list on the NASDAQ under the symbol RPD. Rapid7 initially filed confidentially on 4/29/2015. Morgan Stanley and Barclays acted as lead managers on the deal.