SolarWinds, which provides hybrid IT infrastructure management software, filed on Friday with the SEC to raise up to $500 million in an initial public offering.
The Austin, TX-based company was founded in 1999 and booked $786 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol SWI. SolarWinds filed confidentially on June 1, 2018. Goldman Sachs, J.P. Morgan, Morgan Stanley, Credit Suisse, BofA Merrill Lynch, Barclays, Citi, Evercore ISI, Jefferies, Macquarie Capital, Nomura Securities and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
