Computer Business Review
Radware Ltd, a Tel Aviv, Israel-based start-up specializing in internet traffic management tools, is planning to raise $434m from an initial public offering of 3.5 million common shares to be issued at $13 to $15 a share. The company will tap the windfall from the flotation on Nasdaq to finance growth and general corporate purposes, its statutory filing with the Securities and Exchanges Commission lodged last week reveals. If demand is particularly high, underwriters Saloman Smith Barney, CIBC World Markets and US Bancorp Jaffray have an option to step in and buy an extra 525,000 shares.
The company's three product lines provide web traffic management for different parts of computer networks. They include Web Server Director which distributes internet protocol traffic among multiple servers and applications giving continual access to servers. Radware's client roster includes carrier, Bell Atlantic Corp, chip giant, Intel Corp and financial news provider, Bloomberg LP.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
Trending on CBR
The Web in 2020
The web in 2020 looks at the way in which the Internet will shape the lives of individuals and businesses taking into account legal, political,...
Stopping The Rot - How To Prevent Data Decay
Incorrect, incomplete or ‘dirty’ address data incurs unnecessary costs on the business in terms of wasted time as well as money. Failed, delayed or...
ROI in Action
How Polycom’s global collaboration network benefits the bottom line.
Planning for Improved Email Availability
This Osterman Research white paper, sponsored by Neverfail, discusses the problem of email availability based on the results of a survey conducted...
- AtTask - Project Management Software for the Enterprise
- Trillium Software - Enterprise Data Quality
Geodis Wilson - High Tech Freight Management Services
Geodis Wilson is a leading global freight management company, providing IT solutions based on transparent e-Services and delivering tailor-made,...
- Sophos overview