Renaissance Capital logo

Varonis prices IPO at $22, above the range

February 27, 2014

Varonis Systems, which provides software that manages human-generated unstructured data, raised $106 million by offering 4.8 million shares at $22, above the range of $19 to $21 (revised on Thursday from $17 to $19). Varonis Systems plans to list on the NASDAQ under the symbol VRNS. Varonis Systems initially filed confidentially on 8/21/2013. Morgan Stanley, Barclays, Jefferies & Co. and RBC Capital acted as lead managers on the deal.