Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

A little known cloud security company just raised $192 million in the first big tech IPO of 2018 (ZS)

Published by Business Insider on Sat, 17 Mar 2018


Zscaler, an enterprise cloud security company, took its shares public on Friday.The company set its share price at $16, and shares shot up 75% to around $28 on the first day of trading.Zscaler is the first of the many tech IPOs expected to come in 2018.The first big tech IPO of the year is off to a good start.Zscaler, a San Jose-based cloud security company, is up more than 75% Friday in its first hours as a publicly traded company.The company, whichis listed on the Nasdaq under the ticker "ZS", priced its shares at $16 in order to raise a total of$192.0 million in the public market. The stock was trading at $28 in midday trading on Friday.The lively reception on Wall Street is a good sign for the tech market, which has several high-profile public offerings coming in the next few weeks. Dropbox said it will set a price on March 22, and Spotify will list its shares on April 3.Founded by a tech industry veteranZscaler was cofounded in 2008 byJayChaudhry, a seasoned executive who built and sold four different companies before launching Zscaler.Chaudhry celebrated the public offering in a blog post Friday where he highlighted how much the enterprise security space has changed since he started his career."For decades, enterprises had been building corporate networks to connect users to applications in the data center, and these networks were secured with a multitude of security appliances. The world has changed and network security is becoming irrelevant," Chaudhry wrote."We knew that retrofitted security technologies wouldnt work in this new world, so we set out to redefine security. We started with a clean slatesecurity born in the cloud for the cloud, deep and wide infunctionality," he said.The Zscaler IPO was managed by Morgan Stanley and Goldman Sachs.For an in-depth look at the larger tech IPO picture in 2018, read BI Prime's story on the the year ahead in tech IPOs.SEE ALSO:Dropbox is seeking a $7.5 billion valuation in its coming IPOJoin the conversation about this storyNOW WATCH: These bionic arms make kids feel like superheroes
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs