Initial Public Offering
Baird served as a co-manager on this offering
AboutZscaler, Inc. (“Zscaler” or the “Company”) (NASDAQ-GS: ZS) recently completed an initial public offering of 13,800,000 shares of its common stock at a price of $16.00 per share, generating gross proceeds of approximately $220.8 million, which includes the exercise in full by the underwriters of their option to purchase an additional 1,800,000 shares of common stock at the public offering price. The Company intends to use the net proceeds from the offering for general corporate purposes and growth capital.
Zscaler pioneered a security cloud that represents a fundamental shift in the architectural design and approach to network security. The Company’s cloud platform incorporates the security functionality needed to enable users to safely utilize authorized applications and services based on an organization’s policies. Zscaler’s solution is a purpose-built, multi-tenant, distributed cloud security platform with architecture that is distributed across more than 100 data centers globally, allowing the Company to secure access for users and devices to applications and services across 185 countries. Each day, the Company blocks over 100 million threats and performs 120,000 unique security updates. Zscaler has over 2,800 customers across every major industry, including more than 200 of the Forbes Global 2000. Zscaler is headquartered in San Jose, California.
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- March 2018
- Zscaler, Inc.
- Technology & Services
- Target Location
- North America
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