Cybersecurity software maker Tenable Network Security Inc has hired investment bank Morgan Stanley (MS.N) to lead an initial public offering (IPO) that could come as early as this fall, according to people familiar with the matter.
If it proceeds with an offering, Tenable would be one of the few venture capital-backed cyber security companies to pull off an IPO in recent years. Investors have been wary of many of these companies’ ability to constantly advance their software to stay on top of hackers and attacks.
An IPO could value Tenable between $1.5 billion and $2 billion, the sources said, asking not to be named because the matter is confidential.
READ FULL ARTICLE HERE
