ForeScout Technologies Announces Pricing of Follow-on Offering
FORESCOUT TECHNOLOGIES (FSCT)
Last forescout technologies earnings: 2/6 08:05 am
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US:NASDAQ Investor Relations:
investors.forescout.com/investor-relations
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Source: GlobeNewswire
SAN JOSE, Calif., March 20, 2018 (GLOBE NEWSWIRE) -- ForeScout Technologies, Inc. (NASDAQ:FSCT), a leading Internet of Things (IoT) security company, today announced the pricing of a follow-on public offering of its common stock pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (SEC). ForeScout is offering 500,000 shares of common stock and the selling stockholders are offering 3,911,000 shares of common stock at a price to the public of $29.00 per share. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 661,650 shares of common stock. ForeScout will not receive any proceeds from the shares sold by selling stockholders. ForeScout intends to use the net proceeds from its sale in this offering to fund tax withholding obligations. In addition, this offering is intended to facilitate an orderly distribution of shares for the selling stockholders in thi
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