Imperva, which offers data security used to protect files in data centers and cloud computing environments, announced terms for its IPO on Friday. The Redwood Shores, CA-based company plans to raise $75 million by offering 5 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Imperva will command a market value of $352 million. The company has attracted funding from a variety of notable venture capital firms, including Accel Partners, Greyrock Partners, and Venrock. Imperva, which was founded in 2002 and booked $72 million in revenues for the 12 months ended September 30, 2011, plans to list on the NYSE under the symbol IMPV. J.P. Morgan and Deutsche Bank Securities are the lead underwriters on the deal, which is expected to price during the week of November 7.
Imperva is the fourth company to file IPO terms this week, following Rentech Nitrogen Partners (RNF), NewLink Genetics (NLNK), and Enduro Royalty Trust (NDRO). All four companies, in addition to Groupon (GRPN), are expected to price in the next two weeks.
