Fortinet files for initial public offering

Unified threat management solution supplier Fortinet has filed a registration statement with the Securities and Exchange Commission for a $100 million initial public offering.

The shares in the offering will be put forward by Fortinet and certain selling stockholders. It claimed that the number of shares and the price range for the offering have not been determined.

Morgan Stanley & Co., J.P. Morgan Securities and Deutsche Bank Securities are acting as joint book-runners for the offering. Robert W. Baird & Co., RBC Capital Markets, ThinkEquity LLC, JMP Securities LLC and Signal Hill Capital Group LLC are acting as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.

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