Veracode Planning a May IPO

Veracode, a software app security company, has filed confidentially for an IPO and is planning to go public in May.  Veracode is said to have already picked banks to underwrite the offering.  The IPO is expected to value the company at approximately twice the $450m valuation Veracode receive in a $40m funding round last September.  Veracode has raised a total of $110m in capital to date.

Veracode is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 111 companies organized by investment theme.