Aug 28 LifeLock Inc, which provides theft and
fraud protection services, filed with U.S. regulators on Tuesday
to raise up to $175 million in an initial public offering of
The company told the U.S. Securities and Exchange Commission
in a preliminary prospectus that Goldman Sachs, Bank of America
Merrill Lynch and Deutsche Bank Securities are lead undewriters
to the offering.
The company, backed by private equity firms Bessemer Venture
Partners and Kleiner Perkins Caufield & Byers, plans to use the
proceeds to pay down debt and for acquistion.
The Tempe, Arizona-based company, which offers protection
services to individuals and enterprises on an annual and monthly
basis, posted net income of $11.6 million on revenue of $125.5
million for the half year ended June 30.
LifeLock intends to list its common stock on the New York
Stock Exchange under the symbol "LOCK".
The filing did not reveal how many shares the company
planned to sell or their expected price.
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.