Rapid7, a Boston, MA-based security data and analytics provider, debuted its IPO.
The company had priced the offering of 6,450,000 shares of common stock at a price to the public of $16.00 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “RPD” with the offering expected to close on July 22, 2015, subject to customary closing conditions.
Morgan Stanley & Co. LLC and Barclays Capital Inc are serving as the lead underwriters.
Backed by Bain Capital and Technology Crossover Ventures, Rapid7 is a provider of security data and analytics solutions which combine security data and analytics and insight into attacker behaviors and techniques to make sense of the wealth of data available to organizations about their IT environments and users.
The solution is used by more than 3,900 organizations across 90 countries.