Tuesday, February 20, 2018

TPG-Backed Zscaler Files For $100M IPO

Zscaler, a developer of cloud security appliances which is backed by Fort Worth-based private equity investor TPG, has filed for a $100M IPO, saying that it has applied to list on The Nasdaq Global Market as ZS. The IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., BofA Merrill Lynch, Barclays, Deutsche Bank Securities, Credit Suisse, UBS Investment Bank, Baird, BTIG, Needham & Company, and Stephens, Inc. TPG owns approximately 8.7 percent of Zscaler before the IPO.