initial public offerings (IPOs) trading on American exchanges

Friday, July 27, 2018

Tenable Holdings (TENB) began trading on the Nasdaq on 26 July 2018

Tenable, a Columbia, Maryland-based cybersecurity company, has closed its IPO at $23 per share.

The company raised $251 million in the offering and is now valued at $2.78 billion.

Amit Yoran is the CEO and chairman of Tenable Inc.

Jack Huffard is chief operating officer and co-founder of Tenable

Unlike many fellow tech startups, Tenable has only a single-class stock structure that puts the new stock issuances in the IPO at an equal ranking to the original shares.
A typical 15% greenshoe option is still open, leaving the possibility of selling an additional 1.64 million shares and raising an extra $37.6 million.

Insiders are bound to a typical 180-day lockup period, expiring in early 2019.
The deal was led by Morgan Stanley (MS) and J.P. Morgan (JPM).

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