A10 Networks files for IPO
Reports suggest vendor seeks up to US$100m.
Application networking specialist A10 Networks today announced that it had publicly filed a registration statement with the US Securities and Exchange Commission for an initial public offering (IPO).
The vendor will be offering shares of its common stock. The number of shares and the price range for the proposed IPO have not been determined yet, the vendor said. Surfacing reports, however, suggest that A10 hopes to raise up to US$100m through the IPO.
A10 Networks is required to provide a prospectus before the offering is given the go-ahead. The vendor said that, when available, a preliminary prospectus may be obtained from Morgan Stanley, one of the joint book runners for the proposed offering.
The securities may not be sold, nor may offers to buy be accepted, until the registration statement with the US Securities and Exchange Commission becomes effective.
Assuming the IPO goes ahead, A10 will trade on the New York Stock Exchange under the symbol "ATEN".
A10 Networks was founded in 2004, originally servicing the identity management market with a line of ID Series products. In early 2007, it added bandwidth management appliances to its portfolio, with its AX Series of application delivery controllers winning a host of industry awards.