Infoblox Debuts As Hot IPO (BLOX)
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…
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
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.