MobileIron, which provides enterprises with a mobile SaaS security platform for secure access and content, announced terms for its IPO on Thursday. The Mountain View, CA-based company plans to raise $100 million by offering 11.1 million shares at a price range of $8 to $10. At the midpoint of the proposed range, MobileIron would command a fully diluted market value of $763 million.
MobileIron, which was founded in 2007 and booked $108 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol MOBL. The company initially filed confidentially on March 10, 2014. Morgan Stanley, Goldman Sachs, Deutsche Bank and Barclays are the joint bookrunners on the deal.
