ForeScout Technologies, which provides enterprise security software for network access control, announced terms for its IPO on Monday.
The San Jose, CA-based company plans to raise $101 million by offering 4.8 million shares at a price range of $20 to $22. At the midpoint of the proposed range, ForeScout Technologies would command a fully diluted market value of $942 million.
ForeScout received a $1 billion private valuation in January 2016.
ForeScout Technologies was founded in 2000 and booked $189 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol FSCT. Morgan Stanley, J.P. Morgan, Citi, BofA Merrill Lynch and UBS Investment Bank are the joint bookrunners on the deal. It is expected to price during the week of October 23, 2017.
