Thursday, July 19, 2012

Palo Alto Networks Prices its IPO at $42

Palo Alto Networks announced the initial public offering of 6,200,000 shares of its common stock at a price to the public of $42.00 per share.

Goldman, Sachs & Co., and Citigroup Global Markets, Inc. are acting as lead joint book-running managers for the offering, and Credit Suisse, Barclays, UBS Securities LLC, and Raymond James & Associates, Inc. are acting as book-running managers for the offering.

The company's will trade on NYSE: PANW.