EquityZen on the ForeScout Technologies IPO in TechCrunch

ForeScout Technologies prices IoT security IPO at $22

As of last year, ForeScout was said to possess a $1 billion valuation. The IPO values ForeScout at just above $800 million.

This is what’s become known as a “down round IPO.” Some investors had built-in protections and it looks like Wellington will be granted additional shares to make up for an IPO priced at a lower price than where it invested.

“While earlier investors like Accel, Amadeus, and Meritech will be big winners upon IPO, Wellington won’t make a killing,” said Atish Davda, CEO at EquityZen. Davda is a shareholder through secondary transactions. He also called ForeScout a “dinosaur” for going public at 17 years old.

Read more here: https://techcrunch.com/2017/10/26/forescout-technologies-prices-iot-security-ipo-at-22/

© Zito Partners 2011-2016. All rights reserved.