Optiv, a cybersecurity services provider formed from the Accuvant and FishNet merger, withdrew its plans for an initial public offering on Wednesday. It originally filed in November 2016 for an IPO that we estimate could have raised $200 million. However, those plans were put on hold in December 2016, when KKR acquired a majority stake from Blackstone at a rumored $1.9 billion valuation.
The Denver, CO-based company was founded in 2014 and booked $943 million in sales for the 12 months ended September 30, 2016. It had planned to list on the NYSE under the symbol OPTV. Morgan Stanley, Goldman Sachs, Barclays and Citi were set to be the joint bookrunners on the deal.
