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Zscaler has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, although the offering is valued up to $100 million, but this number is normally just a placeholder. The company intends to list its shares on the Nasdaq under the symbol ZS.

The underwriters for the offering are Morgan Stanley, Goldman Sachs, Merrill Lynch, Barclays, Deutsche Bank, Credit Suisse, UBS Investment Bank, Baird, BTIG, Needham and Stephens.

This company is a global cloud-based information security company that provides internet security, web security, next-generation firewalls, sandboxing, Secure Sockets Layer inspection, antivirus, vulnerability management and granular control of user activity in cloud computing, mobile and Internet of Things environments.

Zscaler’s multi-tenant architecture is distributed across more than 100 data centers globally, which allows it to secure users across 185 countries. Each day, the firm blocks over 100 million threats and performs over 120,000 unique security updates. The firm boasts over 2,800 customers across all major geographies, and it currently counts over 200 of the Forbes Global 2000 as customers.

The firm described its finances in the filing as follows:

For fiscal 2015, 2016 and 2017, revenue was $53.7 million, $80.3 million and $125.7 million, respectively. Our net losses were $12.8 million, $27.4 million and $35.5 million in fiscal 2015, 2016 and 2017, respectively. For the six months ended January 31, 2017 and 2018, our revenue increased from $56.2 million to $84.8 million, representing a period-over-period revenue growth of 51%, while our net loss increased from $14.6 million to $17.9 million. We expect we will continue to incur net losses for the foreseeable future.

The company intends to use the net proceeds from this offering for working capital and general corporate purposes.