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Optiv Inc Files For $100 Mln IPO

Cybersecurity company Optiv Inc. has filed with the U.S. Securities and Exchange Commission for an initial public offering of up to $100 million of common stock. No pricing terms were disclosed.

The Denver-based company said that it has applied to list its common stock on the New York Stock Exchange under the trading symbol "OPTV".

Morgan Stanley, Goldman Sachs & Co, Barclays, Citigroup, Blackstone Capital Markets and Raymond James are among the underwriters to IPO.

Blackstone holds a 58.53% Optiv stake, while Investcorp owns 24.6%, according to filing. Optiv reported 2015 revenue of $947.3 million and a net loss of $14.4 million.

Optiv Inc intends to use portion of IPO net proceeds to repay portion of outstanding indebtedness.

by RTT Staff Writer

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