Infoblox Inc. announced the pricing of its initial public offering of 7.5 million common shares at $16.00 per share, above expected range of $12 to $14.
The network and data-center technology company planes to offer about 5.74 million shares and selling stockholders are offering about 1.76 million shares.
The underwriters have been granted a 30-day option to purchase up to an additional 1.125 million common shares to cover over-allotments, if any.
The company shares are expected to begin trading on the New York Stock Exchange on April 20, 2012 under the symbol "BLOX."
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, UBS Securities LLC is serving as a joint book-running manager for the offering, and Pacific Crest Securities LLC, JMP Securities LLC and Stephens Inc. are serving as co-managers for the offering.
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