Rapid7 registers $80 million of stock for its initial public offering

Morgan Stanley and Barclays, Blair, Raymond James and Cowen to assist

By Devika Patel

Knoxville, Tenn., June 11 – Rapid7 Inc. will price its initial public sale of common stock with a greenshoe, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The company has registered up to $80 million of stock for the deal.

Morgan Stanley & Co. LLC and Barclays are the bookrunners; Pacific Crest Securities, William Blair & Co., LLC, Raymond James & Associates, Inc. and Cowen and Co., LLC are the co-managers.

Proceeds will be used for working capital and other general corporate purposes.

The Boston company develops security data and analytics software to assist organizations with IT security. The company intends to list its common stock on the Nasdaq under the symbol “RPD.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.