Cybersecurity
Accel-Backed ForeScout Climbs After Raising $116 Million in IPO
ForeScout CEO on Cyber Threats and Investment Plans
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Cybersecurity company ForeScout Technologies Inc. climbed in its debut after raising $116 million in its initial public offering, pricing shares at the top end of the marketed range.
ForeScout rose 20 percent to $26.44 at 11:11 a.m. in New York, valuing the company at about $983 million. The company sold 5.28 million shares for $22 apiece Thursday, after marketing them for $20 to $22 each, according to a statement.