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Rapid7 to price IPO of 6.45 million shares between $13.00 and $15.00
Morgan Stanley and Barclays, Blair, Raymond James and Cowen to assist
By Devika Patel
Knoxville, Tenn., July 6 – Rapid7 Inc. will sell 6.45 million common shares in its initial public offering with a greenshoe option of 967,500 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The company has registered up to $111,262,500 of stock for the deal, which was announced June 11.
The shares will be sold at a price expected to fall between $13.00 and $15.00 per share.
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.”
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