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SourceFire Floats IPO To Raise $71.8 Million

Friday, March 09, 2007 6:00:00 AM PDT | VentureDeal Staff

COLUMBIA, MD -- Sourcefire, Inc. (Nasdaq: FIRE) has priced its initial public offering (IPO) at $15 per share and is selling 5,320,000 shares for a net proceeds of approximately $71.8 million after fees. 

Existing shareholders are selling an additional 450,000 shares for their own accounts.  The company is also granting underwriters the option of purchasing an additional 865,500 shares of stock to cover over-allotments.

Sourcefire is a provider of open source network security solutions and was founded in 2001.

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