Cybersecurity firm Rapid7 (RPD) popped 67% as it began trading Friday morning, pricing at 16 and opening at 26.75, one of three initial public offerings. Rapid7 raised $103 million when it priced late Thursday above its expected range of 13 to 15, offering 6.45 million shares. The company says it has 3,900 customers globally. It reported revenue of $76 million in 2014, up 28%. It reported a net loss of $32.6 million, as sales and marketing
Cybersecurity firm Rapid7 (RPD) raised $103 million with an initial public offering that priced late Thursday above the expected range. Boston-based Rapid7 priced 6.45 million shares at 16, above the expected range of 13 to 15. Rapid7 says that it has 3,900 customers globally. It reported revenue of $76 million in 2014, up 28%. It reported a net loss of $32.6 million, as sales and marketing expenses rose 53% to $49 million. Revenue in the first
With strong investor demand for shares, ProNAi Therapeutics (DNAI) raised the expected price of its initial public offering, which is scheduled to price after the close Wednesday. ProNAi is among three of the eight IPOs out this week that are receiving strong investor interest. The others are discount retailer Ollie’s Bargain Outlet (OLLI) and cybersecurity firm Rapid7 (RPD). ProNAi is described as “a clinical-stage oncology company pioneering a