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Cyber security company Optiv files for a $100 million IPO

November 18, 2016
OPTV

Optiv, a cyber security services provider formed from the merger of Accuvant and FishNet, filed on Friday with the SEC for an IPO that we estimate could raise up to $200 million.

The Denver, CO-based company was founded in 2014 and booked $943 million in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol OPTV. Morgan Stanley, Goldman Sachs, Barclays and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.