Carbon Black, which provides cloud-based endpoint security software, announced terms for its IPO on Monday.
The Waltham, MA-based company plans to raise $128 million by offering 8 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Carbon Black would command a fully diluted market value of $1.3 billion and an enterprise value of $1.1 billion.
Carbon Black was founded in 2002 and booked $162 million in sales for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol CBLK. Morgan Stanley and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of April 30, 2018.
