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Initial public offering: Solarwinds prices IPO at $15



Corp. banner hangs at the New York Stock Exchange (NYSE) on the
IPO day of the company in New York.

Reuters/Brendan McDermid

  • SolarWinds cut the size of its initial public offering.
  • The IT-management-software maker sold 25 million shares at
    $15 apiece, raising $375 million.
  • Shares will trade under the ticker “SWI.”

SolarWinds had a disappointing start to its time as a public

The IT-management-software maker cut the size and price of its
initial public offering, announcing the pricing of 25 million
shares at $15 apiece. SolarWinds raised $375 million through its
share sale. It had initially expected to sell 42 million
shares for between $17 and $19 apiece.

Shares are indicated to open for trading between $15.50 and
$16.50, according to Bloomberg. 

Goldman Sachs, JPMorgan Securities, Morgan Stanley, and Credit
Suisse Securities (USA) were the joint lead book-running managers
for the offering. 

Shares will begin trading on the New York Stock Exchange on
Friday, under the ticker “SWI.”


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