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Telos Priced, Nasdaq: TLS

Provides cybersecurity products and services.

Industry: Technology

First Day Return: +19.4%

Industry: Technology

Telos Corporation offers technologically advanced, software-based security solutions that empower and protect the world’s most security-conscious organizations against rapidly evolving, sophisticated and pervasive threats. Our portfolio of security products, services and expertise empower our customers with capabilities to reach new markets, serve their stakeholders more effectively, and successfully defend the nation or their enterprise. We protect our customers’ people, information, and digital assets so they can pursue their corporate goals and conduct their global missions with confidence in their security and privacy. Our customer base consists of the U.S. federal government, large commercial businesses, state and local governments, as well as international customers. Our federal government customers include the DoD, CIA, and multiple other agencies within the Intelligence Community and civilian agencies. Our commercial customers include Fortune 500 enterprises such as Amazon, Citi, Microsoft, and salesforce.com. Our business consists of solution sales that generally are renewed on an annual basis and large programs that are executed through long-term contracts, often five to ten years in duration. We believe that the nature of our work lends itself to trusted and long-term relationships with our customers, which results in a high recurrence of ongoing customer revenue streams. As a result, much of our revenue is highly predictable.
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IPO Data
IPO File Date 10/06/2020
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 15.0
Deal Size ($mm) $254
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/18/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $254
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Ashburn, VA, United States
Founded 1971
Employees at IPO 805
Website www.telos.com

Telos (TLS) Performance