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Private Equity

Solarwinds Sees Ipo In $17 To $19 A Share Range

by marketwatch.com posted 8months ago 39 views
SolarWinds Corp. said it plans to raise up to $323 million in its initial public offering, according to an updated filing with the Securities and Exchange Commission late Friday. The Austin, Texas-based IT infrastructure software company said the offering of $17 to $19 a share is composed of 17 million shares from the company and 25 million shares from selling shareholders. To cover overallotments, underwriters have an additional 6.3 million shares from selling shareholders. SolarWinds will not get proceeds from selling shareholder sales.

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