A10, a web app software company, has generated $187.5m from its initial public offering, which saw Mitsui divested $28.3m of shares.
A10 Networks, a US-based developer of applications to improve web app delivery, has raised $187.5m from an initial public offering that saw corporate backer Mitsui divest $28.3m in shares.
The offering consisted of 12.5 million shares priced at $15.00 each. Stock sold by shareholders in the company made up 3.5 million of the allotment, with Mitsui Ventures, the corporate venturing arm of Japan-based conglomerate Mitsui, selling almost 1.9 million shares.
Mitsui Ventures had been an investor since A10’s $6m series…
