Palo Alto Networks Boosts Price Range to $38 to $40
July 19, 2012
Firewall products provider Palo Alto Networks has raised its price range up to $38 to $40 per share, after first setting it at $34 to $37. By offering 6.2 million shares, the company would raise $241.8 million at the midpoint of the revised range. Palo Alto Networks raised a combined total of $65 million in venture funding from Greylock Partners, Sequoia Capital and Globespan Capital Partners.