ATLANTA--(BUSINESS WIRE)--SecureWorks Corp. (“SecureWorks”) announced today the launch of its initial public offering of 9,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $15.50 and $17.50 per share. The underwriters for the offering will also have a 30-day option to purchase up to an additional 1,350,000 shares of its Class A common stock at the initial public offering price. SecureWorks has applied to list shares of its Class A common stock on the NASDAQ Global Select Market under the symbol “SCWX.”
SecureWorks intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include financing SecureWorks’ growth, developing new solutions and enhancements to SecureWorks’ current solutions, funding capital expenditures, and making investments in, and acquisitions of, complementary businesses, services or technologies.
BofA Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan are acting as lead joint bookrunning managers for the offering. Barclays, Citigroup, Credit Suisse, RBC Capital Markets and UBS Investment Bank are acting as bookrunning managers. Pacific Crest Securities, a division of KeyBanc Capital Markets, Stifel, SunTrust Robinson Humphrey and William Blair are acting as co-managers. Academy Securities, Ramirez & Co., Inc., Siebert Brandford Shank & Co., L.L.C. and The Williams Capital Group L.P. are acting as junior co-managers.
A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained for free by visiting the Securities and Exchange Commission’s website at www.sec.gov or may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717.
SecureWorks is a global provider of intelligence-driven information security solutions exclusively focused on protecting its clients from cyber attacks. SecureWorks’ solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches and predict emerging threats.