Infoblox, which provides appliances and software to enable next-generation data centers, announced terms for its IPO on Monday. The Santa Clara, CA-based company plans to raise $98 million by offering 7.5 million shares (23% insider) at a price range of $12 to $14. At the midpoint of the proposed range, Infoblox would command a market value of $662 million. Infoblox, which was founded in 1999 and booked $152 million in sales for the 12 months ended 1/31/2012, plans to list on the NYSE under the symbol BLOX. Morgan Stanley, Goldman Sachs and UBS are the joint bookrunners on the deal.
