The computer security firm has raised $128m upon its flotation on NASDAQ, with Intel Capital garnering nearly $12m from the offering.

Netherlands-based security software company AVG Technologies raised $128m from its initial public offering (IPO) on Thursday, with shares priced at $16.00. Equal shares of about $59.5m each went to AVG and its shareholders.

Intel Capital divested about 737,000 shares, earning a payout of around $11.8m, and it has also retained 11.9% of AVG’s stock, post IPO. Other leading institutional sellers were Polish Enterprise Fund (1.66 million shares), Grisoft Holdings, essentially a holding company for ex-chief executive Gabriel Eichler).

Private…