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Tenable Holdings has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company appears to be generating a lot more interest with its IPO, and it has increased its expected price range and share count.

The company intends to sell its 10.9 million shares in the range of $20 to $22 per share, with an overallotment option for an additional 1.635 million shares. At the maximum price the entire offering is valued up to $275.77 million. Previously, the company was looking to offer 9.2 million shares in the range of $17 to $19 a piece, with an overallotment option for an additional 1.38 million shares.

The company intends to list its shares on the Nasdaq under the symbol TENB. The underwriters for the offering are Morgan Stanley, JPMorgan, Allen, Deutsche Bank, Stifel, William Blair and BTIG.

The company is the first and only provider of solutions for a new category of cybersecurity that it is calling Cyber Exposure. Cyber Exposure is a discipline for managing and measuring cybersecurity risk in the digital era. The company is building on its deep technology expertise in the traditional vulnerability assessment and management market and expanding that market to include modern attack surfaces and provide analytics that translate vulnerability data into business insight.

Tenable’s platform provides a company’s chief information security officer (CISO) with unified visibility into the organization’s state of security and enables security teams to prioritize and focus remediation efforts. The platform also translates vulnerability data into actionable business metrics and insights that boards of directors and executives can understand and use to make strategic decisions. Management believes its Cyber Exposure solutions are transforming how security is managed and measured and will help organizations more rapidly embrace digital transformation.

The company described its finances in the filing as follows:

In 2016 and 2017, our total revenue was $124.4 million and $187.7 million, respectively, representing a year-over-year growth rate of 51%. In the three months ended March 31, 2017 and 2018, our total revenue was $40.5 million and $59.1 million, respectively, representing a year-over-year growth rate of 46%. In both 2016 and 2017, our recurring revenue, which includes revenue from subscription arrangements for software and cloud-based solutions and maintenance associated with perpetual licenses, represented 86% of our total revenue.

Tenable expects to use the net proceeds from this offering for working capital and other general corporate purposes.