LifeLock, an online provider of identity theft protection services, announced terms for its IPO on Wednesday. The Tempe, AZ-based company plans to raise $165 million by offering 15.7 million shares (1% insider) at a price range of $9.50 to $11.50. At the midpoint of the proposed range, LifeLock would command a fully diluted market value of $981 million.
LifeLock, which was founded in 2005 and booked $228 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol LOCK. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal.
