Imperva raises $85.5m in NYSE IPO

• Update 10/10/18:  Private equity firm Thoma Bravo to acquire Imperva in $2.1B buyout. 

The data protection solutions developer issued 4.75 million shares, at $18 per share, above its $14-16 target.



Data protection solutions developer Imperva Inc. raised a gross $85.5 million in its IPO on the New York Stock Exchange at a company value of $398 million. The company, founded by president and CEO Shlomo Kramer, issued 4.75 million shares, at $18 per share, above its $14-16 target. The shares will be traded under the symbol "IMPV".

In addition, shareholders sold 250,000 shares for a gross $4.5 million. If the underwriters exercise in full their over-allotment option to buy up to 750,000 shares, the offering will increase by a gross $13.5 million. The offering was based on the company's prospectus filed with the US Securities and Exchange Commission (SEC) yesterday.