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Sourcefire Glows on Debut
First security IPO in months opens with higher than expected share price
March 10, 2007
1 Min Read
In its first day of trading as a public company, Sourcefire Inc. (Nasdaq: FIRE) shares opened at $15 -- higher than initial estimates -- and peaking at $16.45 before they closed at $15.49. (See Sourcefire Fires Up for IPO and Sourcefire Shapes Up for IPO.)
And for its trouble, the open-source security vendor raised $89.4 million today, well above its estimate of $80.8 million.
Trading under the symbol "FIRE," the company originally priced its 5,770,000 shares between $12 and $14, although these were over-subscribed in the run-up to today's IPO.
Get the whole story at Dark Reading.
James Rogers, Senior Editor Byte and Switch
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