(Source: MARKETWIRE)
Fortinet(R) (NASDAQ: FTNT) -- a provider of network security
appliances and unified threat management (UTM) solutions -- today
announced that it has closed its previously announced initial public
offering of 12,500,000 shares of its common stock at a price to the
public of $12.50 per share. In connection with the initial public
offering, the underwriters exercised in full their option to purchase
an additional 1,875,000 shares of common stock from the company. As a
result, the total initial public offering size was 14,375,000 shares,
which consisted of 7,656,683 shares sold by the company and the
remaining 6,718,317 shares sold by the selling stockholders. Fortinet
will not receive any proceeds from the sale of shares by the selling
stockholders.
Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc., and
Deutsche Bank Securities Inc. acted as joint book-runners for the
offering. Robert W. Baird & Co. Incorporated, RBC Capital Markets
Corporation, ThinkEquity LLC, JMP Securities LLC, and Signal Hill
Capital Group LLC served as co-managers.
A copy of the final prospectus for this offering may be obtained from
Morgan Stanley & Co. Incorporated, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, New York 10014, telephone:
(866) 718-1649, or by emailing prospectus@morganstanley.com; J.P.
Morgan Securities Inc., Attention: Prospectus Department, 4 Chase
Metrotech Center, CS Level, Brooklyn, NY 11245, telephone: (718)
242-8002, or by emailing addressing.services@jpmorgan.com; and
Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey
07311, Telephone: (800) 503-4611, or by emailing
prospectusrequest@list.db.com.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Fortinet (www.fortinet.com)
Fortinet (NASDAQ: FTNT) is a worldwide provider of network security
and unified threat management (UTM) solutions. Our products and
subscription services provide broad, integrated and high-performance
protection against dynamic security threats while simplifying the IT
security infrastructure. Our customers include enterprises, service
providers and government entities worldwide, including the majority
of the 2009 Fortune Global 100. Fortinet is headquartered in
Sunnyvale, Calif., with offices around the world.
Copyright Copyright 2009 Fortinet, Inc. All rights reserved. The
symbols (R) and (TM) denote respectively federally registered
trademarks and unregistered trademarks of Fortinet, Inc., its
subsidiaries and affiliates. Fortinet's trademarks include, but are
not limited to, the following: Fortinet, FortiGate, FortiGuard,
FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer,
FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP,
FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiDB
and FortiWeb. Other trademarks belong to their respective owners.
FTNT-F
Media Contact:
Kim Nguyen
Fortinet, Inc.
408-486-5458
knguyen@fortinet.com
Investor Contact:
Michelle Spolver
Fortinet, Inc.
1-866-789-9001
investors@fortinet.com
SOURCE: Fortinet
A service of YellowBrix, Inc.
