Co-Manager
Zscaler, Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On March 15, 2018, Zscaler, Inc. (“ZS” or the “Company”) announced the pricing of its initial public offering of 12,000,000 shares of common stock at a price to the public of $16.00 per share
- All shares were primary shares offered by the Company
- Zscaler had initially filed to offer 10,000,000 shares of common stock at an offering price between $10.00 and $12.00 per share
- Zscaler will be listed on the Nasdaq Global Select Market under the ticker symbol “ZS”
- The Company intends to use net proceeds from the offering for general corporate purposes, including working capital, research and development, and capital expenditures, and for future acquisitions and investments
- Stephens Inc. served as Co-Manager on the offering
About the company
Zscaler
Zscaler was incorporated in 2007, during the early stages of cloud adoption and mobility, based on a vision that the internet would become the new corporate network as the cloud becomes the new data center. We predicted that with rapid cloud adoption and increasing workforce mobility, traditional perimeter security approaches would provide inadequate protection for users and data and an increasingly poor user experience. Our cloud platform, which delivers security as a service, eliminates the need for traditional on-premises security appliances that are difficult to maintain and require compromises between security, cost and user experience. Our cloud platform incorporates the security functionality needed to enable users to safely utilize authorized applications and services based on an organization's policies.
Sources: Company filings
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following links: https://www.sec.gov/Archives/e... as supplemented by https://www.sec.gov/Archives/edgar/data/1713683/000119312518079940/d507857dfwp.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.