IPO News Archive
Fortinet prices IPO at $12.50, above the range

11/18/09


Fortinet, which offers network security appliances to enterprises and service providers, raised $156 million by offering 12.5 million shares at $12.50, above its proposed range of $9 to $11. Earlier in the week the company increased the size of its offering from 12.0 million to 12.5 million shares with the additional shares being offered by insiders. Fortinet's shares will begin trading on Wednesday on the NASDAQ under the symbol FTNT. Morgan Stanley, J.P. Morgan, and Deutsche Bank acted as lead managers on the deal.

View IPO Profile: FTNT         
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Source: www.RenaissanceCapital.com
Latest User Comments
This is a good one, but 1/15/2010 1:27:59 PM
Posted by: polopony
There have also been many really good IPOs in 2009. I hope 2010 is even better...

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