ForeScout Technologies pops 16% in first day of trading [TechCrunch Blog]
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: TechCrunch Blog
Hi! ForeScout Technologies saw its shares spike 16% during intraday trading after going public on Friday. After pricing at the top of the range at $22 per share, the stock was hovering above $25 midday. The Internet of Things security company also increased the size of its IPO and raised about $116 million after selling 5.3 million shares. ForeScout helps businesses and government agencies monitor the devices connected to their networks. It can help with all internet-connected devices, ranging from smart TVs to voice assistants like Alexa. It also works with machines at hospitals and airports, many of whom are customers. ForeScout CEO Michael DeCesare told TechCrunch that ForeScout aims to “give organizations visibility into everything that’s on their network.” He said that ForeScout has been benefitting from the increasing number of connected devices. “It’s really only been the last few years that organizations have really started en masse to bring other us
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