FireEye stock jumps in market debut

AP News
Posted: Sep 20, 2013 5:34 PM

NEW YORK (AP) — Shares of cybersecurity firm FireEye gained 80 percent, to $36, in their first day of trading on the Nasdaq.

FireEye Inc. raised nearly $304 million in its initial public offering of stock. It sold 15.2 million shares at $20 each. In a regulatory filing, the company initially planned to offer 14 million shares priced between $15 and $17 per share. The bigger deal signaled healthy demand for the company's shares.

The company helps businesses and governments protect themselves from cyberattacks.

FireEye is giving the banks managing the deal up to 30 days to buy up to an additional 2.3 million shares to cover any excess demand. That would add to proceeds.

The Milpitas, Calif., company's shares trade under the "FEYE" ticker symbol.