Zscaler boosts targets by 50 percent ahead of Friday's IPO

The targets have been raised again for what's expected to be the first Bay Area tech IPO in four months.

San Jose-based Zscaler Inc. increased the amount of stock for sale and the price targets on its offer, boosting how much it could raise to about $207 million, up 50 percent.

The cloud security business now plans to sell 12 million shares to public investors — up from 10 million — and has set aside 1.8 million shares for its underwriters — up from 1.5 million.

The price range for the offering…...

8 Published By - San Francisco Business Times - Technology News - 2018.03.13. 14:45
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