Carbon Black, which provides endpoint security software to large enterprises, raised the proposed deal size for its upcoming IPO on Wednesday.
The Waltham, MA-based company now plans to raise up to $152 million by offering 8.0 million shares at a price range of $17 to $19, up from the initial range of $15 to $17. At the high end of the revised range, Carbon Black will raise 19% more in proceeds than previously anticipated and will command a fully-diluted market value of $1.5 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.
