Infoblox has filed documents with the Securities and Exchange Commission as it seeks a public listing for its common stock.
Infoblox is a maker of Domain Name System (DNS) servers and data centre optimisation software, and it intends to sell the maximum amount ($125 million/£81m) of stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Infoblox is the third IT company to either file for or launch an IPO in the last few weeks. Online game developer and Facebook partner Zynga and social networking monitor Jive both launched IPOs in December.
Santa Clara, Calif.-based Infoblox makes appliances and software that provide automated control for networks and data centres in order to improve IT performance. The company made news in May 2010 when it acquired Netcordia, a provider of network change and configuration management software.
Infoblox, founded in 1999, has been profitable in only one year since then – 2010, when it reported $132.8 million (£86m) in revenue. The company said in its SEC filing that it has more than 5,000 customers. These include the Federal Aviation Administration, Adobe Systems, Best Buy, Boeing, Johnson & Johnson and Caterpillar.
Morgan Stanley & Co. and Goldman, Sachs & Co. will act as lead joint book-running managers for the offering, and UBS Securities will act as a joint book-running manager, Infoblox said.
Pacific Crest Securities, JMP Securities and Morgan Keegan & Co. will serve as co-managers for the offering.
The offering will be made only by means of a prospectus. A copy of the final prospectus related to the offering, when available, may be obtained from Morgan Stanley & Co.
Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft,…
TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US…
After relocating from California to Texas in 2020, Oracle's Larry Ellison now reveals plan to…
Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter…
For third time Google delays phase-out of third-party Chrome cookies after pushback from industry and…
Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the…