Barracuda Networks Prices IPO At $18 Per Share - Quick Facts

(RTTNews) - Barracuda Networks Inc. (CUDA), a provider of cloud-connected security and storage solutions, announced the pricing of its initial public offering of 4.14 million shares of its common stock at a price to the public of $18 per share. All of the shares are being offered by the company.

In addition, Barracuda has granted the underwriters a 30-day option to purchase up to an additional 621,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on November 6, 2013, under the symbol "CUDA."

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as lead joint bookrunners for the offering. William Blair & Company L.L.C., Pacific Crest Securities LLC and JMP Securities LLC are acting as co-managers for the offering.