Gigamon, Inc. (GIMO)

[$hylo]

Gigamon IPO: Providing Services For 60 Of The Top 100 U.S. Companies

If you flip through the pages of the IPO prospectus for Gigamon (GIMO), you can see the immediate bullish case for shares. The company highlights its market leading services that are used by top firms in the United States and around the world. Here is the list:

8 of top 10 United States banks and financial services

7 of top 10 United States retailers

6 of top 10 United States managed healthcare

4 of top 10 Global exchanges

6 of top 10 United States telecoms

6 of top 10 United States cable providers

243 of Fortune 1000 companies

60 of Fortune 100 companies

Gigamon is expected to price shares Tuesday night for an initial price offering on Wednesday. Shares will trade on the New York Stock Exchange under the symbol GIMO. Gigamon will sell 4.5 million shares, while an existing shareholder will sell an additional 2.25 million shares. The 6.75 million share IPO is expected to price between $18.00 and $20.00. After the IPO, there is expected to be 29.46 million shares outstanding. Executives and 5% shareholders will own 61.9% of the company after the offering.
http://seekingalpha.com/article/1492822-gigamon-ipo-providing-services-for-60-of-the-top-100-u-s-companies