FireEye Shares Jumps 16%
FireEye went public on Friday and the company’s shares jumped 16 points. FireEye is an online security company. The company raised $304 million from the IPO with a market cap of $2.3 billion.
FireEye opened at $20 per share and ended up closing at $36 on the NASDAQ. Founded in 2004, FireEye uses a virtualization engine that protects companies from attacks through the web and e-mail.
In terms of venture capital, FireEye raised $50 million in funding from Sequoia Capital, Norwest Venture Partners, Goldman Sachs, Juniper Networks, and Silicon Valley Bank.