Barracuda Announces Pricing of Initial Public Offering
Press Releases — Nov 06, 2013
Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-connected security and storage solutions, today announced the pricing of its initial public offering of 4,140,000 shares of its common stock at a price to the public of $18 per share. All of the shares are being offered by Barracuda. In addition, Barracuda has granted the underwriters a 30-day option to purchase up to an additional 621,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on November 6, 2013, under the symbol "CUDA."
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as lead joint bookrunners for the offering. William Blair & Company L.L.C., Pacific Crest Securities LLC and JMP Securities LLC are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, theSecurities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department,180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, or email:[email protected]; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; or from BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, New York 10038 or by email [email protected].
ABOUT BARRACUDA NETWORKS
Winner of numerous industry honors, including Network Computing's Editor's Choice Award and the 2004 and 2005 Well-Connected Awards, its flagship product, the Barracuda Spam Firewall, provides protection for over 30,000 customers throughout the world, including Adaptec, Knight Ridder, Caltrans, CBS, Georgia Institute of Technology, IBM, NASA, Pizza Hut, Union Pacific Railroad, and the U.S. Treasury Department. Barracuda Networks is headquartered in Mountain View, CA, and has offices in eight international locations and distributors in over 43 countries.