Sourcefire, Inc. (FIRE-NASDAQ) has filed an amended IPO filing and the terms for the IPO have been set: It is 5.77 million shares with a price range of $12.00 to $14.00 per share.
Underwriters are Morgan Stanley, Lehman, UBS and Jefferies. The company is a data security operator with compliance enforcement, real-time network awareness, intrusion detection, intrusion prevention, and velnerability assessment.
We now have the 2006 financials. Revenues grew from $23.6M in 2005 to $30.2M in 2006 and the losses in each year were $8.1M and $4.75M respectively. Sourcefire is a venture-backed IPO backed by Sierra Ventures, New Enterprise, Inflection Point, Core Capital, and Sequoia. Its Snort security product has over 3 million downloads and over 100,000 registered users.
Jon C. Ogg
February 23, 2007
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