OPTV News

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...read more

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,...read more

Sandwiched between the election and Thanksgiving, the US IPO market had another slow week for new offerings. Meanwhile, recent news and a string of initial filings signals that companies are preparing for IPOs in December and early 2017. Those plans are supported by the S&P 500's two-week rally of +4.7%; during the same time, year-to-date performance for 2016 IPOs has...read more

OpenTV, the world's leading provider of set-top box software for interactive TV, priced 7.5mm shares at $20. The original filing called for the company to offer 7mm shares at between $14 to $16. Merrill Lynch was the lead manager. OpenTV should begin trading on Tuesday....read more