Gigamon, which provides data traffic management software-based appliances, announced terms for its IPO on Wednesday. The Milpitas, CA-based company plans to raise $128 million by offering 6.8 million shares (33% insider) at a price range of $18 to $20. At the midpoint of the proposed range, Gigamon would command a fully diluted market value of $599 million.
Gigamon, which was founded in 2004 and booked $106 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol GIMO. Goldman Sachs, BofA Merrill Lynch and Credit Suisse are the joint bookrunners on the deal.
