FireEye Files IPO Of Up To $175 Mln

(RTTNews) - FireEye, Inc., a global network security company, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission or SEC to raise up to $175 million in an initial public offering of common shares. The company did not specify the number of shares to be sold and the pricing. The company did not mention the exchange it plans to list its shares, but said it plans to trade under the symbol FEYE.

The company intends to use the proceeds for headcount expansion, working capital, sales and marketing activities, product development, general and administrative matters, and capital expenditures.

The Milpitas-based company has raised more than $100 million in venture funding since it was founded in 2004.

For the first half of 2013, the company's net loss widened to $67.1 million from $14.3 million during the same period last year. The wider net loss reflects a strong rise in operating expenses, which offset the steady revenue growth.

For the offering, Morgan Stanley, Goldman Sachs, JP Morgan and Barclays will serve as lead underwriters, Nomura Securities will be the co-manager, and BofA Merrill Lynch and UBS Securities will be bookrunners.