FireEye files for IPO, expects to raise USD 175 mn

Cyber security firm FireEye has approached the US Securities and Exchange Commission (SEC) for a proposed initial public offer.
The US-based firm, which also has operations in India, hopes to raise USD 175 million, according to people in know of the development.
The company has filed a registration statement with the SEC for a proposed IPO of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined, according to a company release.
Morgan Stanley, Goldman Sachs, JP Morgan Securities and Barclays Capital will act as lead joint book-running managers for the offering, it added.

BofA Merrill Lynch and UBS Securities will act as other book-running managers for the offering. Nomura Securities International will also act as a co-manager for the offering, it said.
"A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor offers to buy be accepted prior to the time the registration statement becomes effective," said the company, which also has operation in India.
In March this year, it had announced it will invest upto USD 50 million (about Rs 272 crore) in R&D on Internet security products in the next 4-5 years in India.

Founded in 2004, the California-based firm's cyber security platforms are deployed in over 40 countries and has more than 1,000 customers and partners including over 25 per cent of the Fortune 100 companies.