CYBR News

Rapid7, which provides enterprise network security software, announced terms for its IPO on Monday. The Boston, MA-based company plans to raise $90 million by offering 6.45 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Rapid7 would command a fully diluted market value of $569 million. Last year's standout cyber security IPO was...read more

Rapid7, which provides enterprise network security software, filed on Thursday with the SEC to raise up to $80 million in an initial public offering. The last security-focused enterprise software provider, CyberArk (CYBR), went public in September 2014. Its stock traded up 87% on the first day, and is now up nearly 300% from the offer price. The Boston, MA-based company,...read more

Next week's $150 million IPO from data management SaaS provider Box (BOX) could open the door for other enterprise software IPOs in the pipeline. While the tech selloff in early 2014 saw a large reset on valuations and delayed many IPO timeframes (e.g. Box), 2014 still saw some successful enterprise SaaS IPOs, including New Relic (NEWR), Zendesk (ZEN) and Hubspot (HUBS)....read more

Upland Software (UPLD), which offers a suite of acquired cloud-based enterprise work management software, dropped 19% on its debut, giving it the 10th worst first day performance for a technology IPO in the past 10 years. Upland priced at the low end of the range and raised $46 million. Other 2014 tech IPOs have typically seen a first-day spike (group averages 25% on the...read more