Rapid7 IPO Terms Set: 6.45m Shares at $13 – $15 Per Share
Rapid7 Inc. filed an amended registration with the SEC for its IPO this afternoon. The company plans to sell 6.45m primary shares and sees an offering price of $13 – $15 per share. Rapid7 will list on the Nasdaq under the symbol “RPD.”
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Company Description: Develops and sells security software and services to enterprises and medium-sized businesses in a number of ways; 1) licensed software with associated, subscription-based content and maintenance, 2) cloud-based software services, and 3) managed services where it operates the software for its customers. The Company also sells professional services.
Competitive Set: Qualys, Tenable Network Security, McAfee (IBM), IBM, Veracode