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SolarWinds prices IPO at $15, the low end of the revised range

October 19, 2018
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SolarWinds, which provides hybrid IT infrastructure management software, raised $375 million by offering 25 million shares (100% primary) at $15, the low end of the revised range of $15 to $16. At pricing, the company will command a fully diluted market value of $4.8 billion and an enterprise value of $6.4 billion. SolarWinds plans to list on the NYSE under the symbol SWI. 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 acted as lead managers on the deal.