14 DAY TRIAL // IT security solutions provider Barracuda Networks has announced the pricing of its initial public offering (IPO) at $18 (€13) per share. The company has started trading today, November 6, on the New York Stock Exchange under the symbol “CUDA.”
The company is offering 4,140,000 shares of its common stock, but it’s prepared to give an additional 621,000 shares to cover over-allotments.
Morgan Stanley & Co., J.P. Morgan Securities and Bank of America Merrill Lynch are the lead bookrunners. William Blair & Company, Pacific Crest Securities and JMP Securities are co-managers for the offering.
Executives and guests of Barracuda will visit the New York Stock Exchange to celebrate the organization’s IPO. Co-founders Michael Perone, Zach Levow and Dean Drako, along with members of the senior management team, will ring the NYSE opening bell.