Risk
10/19/2012
02:49 PM
Dark Reading
Dark Reading
Products and Releases
Connect Directly
RSS
E-Mail
50%
50%

Palo Alto Networks Prices Secondary Public Offering

All shares will be sold by existing stockholders

SANTA CLARA, Calif., Oct. 17, 2012 /PRNewswire/ -- Palo Alto Networks, Inc.

(NYSE: PANW) announced the pricing of 4,800,000 shares of its common stock at

$63.00 per share in a secondary offering. All of the shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to 720,000 additional shares of common stock from certain of the selling stockholders. As part of the offering, all selling stockholders have entered into lock-up agreements that will extend the initial public offering lock-up period until 135 days after this offering.

Palo Alto Networks will not receive any proceeds from the sale of the shares in this offering. The primary purposes of the offering are to facilitate an orderly distribution of shares and to increase the company's public float.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc.

are acting as lead joint book-running managers for the offering, and Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Raymond James & Associates, Inc. are acting as book-running managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on October 17, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone:

1-866-718-1649, or email: prospectus@morganstanley.com; from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282,

telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; or from Citigroup Global Markets, Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, telephone 1-800-831-9146, or email:

batprospectusdept@citi.com.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Flash Poll
Current Issue
Cartoon
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2012-4988
Published: 2014-07-09
Heap-based buffer overflow in the xjpegls.dll (aka JLS, JPEG-LS, or JPEG lossless) format plugin in XnView 1.99 and 1.99.1 allows remote attackers to execute arbitrary code via a crafted JLS image file.

CVE-2014-0207
Published: 2014-07-09
The cdf_read_short_sector function in cdf.c in file before 5.19, as used in the Fileinfo component in PHP before 5.4.30 and 5.5.x before 5.5.14, allows remote attackers to cause a denial of service (assertion failure and application exit) via a crafted CDF file.

CVE-2014-0537
Published: 2014-07-09
Adobe Flash Player before 13.0.0.231 and 14.x before 14.0.0.145 on Windows and OS X and before 11.2.202.394 on Linux, Adobe AIR before 14.0.0.137 on Android, Adobe AIR SDK before 14.0.0.137, and Adobe AIR SDK & Compiler before 14.0.0.137 allow attackers to bypass intended access restrictions via uns...

CVE-2014-0539
Published: 2014-07-09
Adobe Flash Player before 13.0.0.231 and 14.x before 14.0.0.145 on Windows and OS X and before 11.2.202.394 on Linux, Adobe AIR before 14.0.0.137 on Android, Adobe AIR SDK before 14.0.0.137, and Adobe AIR SDK & Compiler before 14.0.0.137 allow attackers to bypass intended access restrictions via uns...

CVE-2014-3309
Published: 2014-07-09
The NTP implementation in Cisco IOS and IOS XE does not properly support use of the access-group command for a "deny all" configuration, which allows remote attackers to bypass intended restrictions on time synchronization via a standard query, aka Bug ID CSCuj66318.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Marilyn Cohodas and her guests look at the evolving nature of the relationship between CIO and CSO.