The long wait for Redpoint Ventures, Meritech Capital Partners, Acorn Campus Ventures and Defta Partners might actually be nearing an end, with portfolio company
Fortinet Inc. setting its initial public offering terms.
The network security appliance maker, which filed to go public in August (The Deal Pipeline subscribers can read more about the filing
here), said Wednesday that it plans to offer 12 million shares between $9 and $11. The company raised over $93 million in VC money.
The timing of its IPO isn't set yet, but it is likely to be within the next month. It will join the 10 other VC-backed companies that have gone public so far in 2009.
Next week will be the biggest one for IPOs since the week of Sept. 21, when seven companies went public. Six offerings, including Spectrum Equity Investors-backed
Ancestry.com Inc., are set to price. Another private equity-backed IPO set to begin trading next week is solar component maker STR Holdings Inc., which is owned by DLJ Merchant Banking Partners.
- Olaf de Senerpont Domis
Continue reading below
