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Bain's Blue Coat Said to Target $500 Million IPO This Year

Blue Coat Systems Inc., the Internet security-software company backed by Bain Capital, will seek to raise as much as $500 million in an initial public offering this year, people with knowledge of the matter said.

The company’s stock could begin trading in the U.S. as soon as the second quarter, depending on market volatility, said the people, who asked not to be identified because the information is private.