Fortinet files for IPO

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Unified threat management solution supplier Fortinet has filed a registration statement with the US Securities and Exchange Commission for a $US100 million initial public offering (IPO).

The shares in the offering will be offered by Fortinet and certain selling stockholders. The company claimed that the number of shares to be offered and the price range for the offering have not been determined.

Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. are acting as joint book-runners for the offering. Robert W. Baird & Co. Incorporated, RBC Capital Markets Corporation, ThinkEquity LLC, JMP Securities LLC, and Signal Hill Capital Group LLC are acting as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.

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