Infoblox Inc. (NYSE: BLOX) is pricing as yet another hot initial public offering. Just last week the IPO was supposed to be 7.5 million shares in a price range of $12.00 to $14.00 per share. The company sold 7.5 million shares at $16.00 per share. Of the total offering, some 5,744,343 shares are being sold by Infoblox and 1,755,657 shares are being offered by selling stockholders.
The company is into network automation and described itself as follows: “Infoblox is the market leader in automated network control. Our products automate the business-critical network services required to connect networks, applications and people. We help organizations manage constant change and growing complexity.”
Morgan Stanley, Goldman Sachs, and UBS Securities are the book-runners; co-managers are listed as Pacific Crest Securities, JMP Securities, and Stephens Inc. These underwriters have been granted a 30-day option to purchase up to an additional 1,125,000 shares of common stock offered by Infoblox to cover over-allotments. Another IPO at another premium.
JON C. OGG