Posted by: Shamus McGillicuddy
IPO, Network management, SolarWinds
In March I noted that network management software vendor SolarWinds had filed an updated S-1 form with the SEC, a bureaucratic step towards making an initial public offering (IPO).
Today the Wall Street Journal reports that SolarWinds has set the terms of its IPO today. It will ask for a share price of $9.50 to $11.50 and it will make 12.1 million shares available to the market. SolarWinds hasn’t announced the date that it will go on the market, but the Journal article noted that companies usually time their IPOs to occur about two weeks after they set their terms.
IDC has identified SolarWinds as having the eighth highest revenue share in the network management market, just behind such industry heavies as IBM, CA, HP and EMC.