The Intel and Itochu-backed cybersecurity software provider will float at the top of its range having also increased the number of shares in the offering.
ForeScout Technologies, a US-based network security software provider backed by corporates Intel and Itochu will raise $116m in its initial public offering, after pricing its shares at $22.00 yesterday.
The IPO price represents the top of the $20 to $22 range Forescout had set earlier this month, and the company has also increased the number of shares in the offering from 4.8 million to 5.28 million.
Founded in 2000, ForeScout has developed software that provides an alternative to the software…
