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ArcSight Announces Pricing of its Initial Public Offering
February 2008 by Marc Jacob
ArcSight, Inc. announced the pricing of its initial public offering of
6,861,919 shares of common stock at $9.00 per share. Of the 6,861,919
shares of ArcSight’s common stock being offered to the public, 6,000,000
shares are being offered by ArcSight and 861,919 shares are being
offered by certain selling stockholders. The offering is expected to
close on 20th February 2008.
The underwriters have been granted a 30 day option to purchase up to
900,000 additional shares from ArcSight and 129,287 additional shares
from the selling stockholders at the initial public offering price less
the underwriting discount to cover over allotments, if any. ArcSight’s
common stock will be listed on the Nasdaq Global Market under the symbol
"ARST" and will begin trading on 14th February 2008.
Morgan Stanley & Co. Incorporated is acting as sole book running
manager, Lehman Brothers Inc. is acting as joint lead manager, and
Wachovia Capital Markets, LLC and RBC Capital Markets are acting as co
managers.
A registration statement relating to this offering was filed with and
declared effective by the Securities and Exchange Commission. This
offering is being made solely by means of a prospectus.
