Tenable Announces Closing of Initial Public Offering

On July 30, 2018, Tenable Holdings, a cybersecurity company, announced the closing of its initial public offering of 12,535,000 shares of common stock, including the full exercise by the underwriters of their option to purchase 1,635,000 additional shares of common stock, at a price to the public of $23.00 per share. The shares began trading on July 26 and are listed on the Nasdaq Global Select Market under the symbol "TENB." The gross proceeds to Tenable from the offering, before deducting the underwriting discounts and commissions and other offering expenses payable by Tenable, are approximately $288.3 million. Wilson Sonsini Goodrich & Rosati represented the underwriters in the offering.

Morgan Stanley, J.P. Morgan, Allen & Company, and Deutsche Bank acted as the active book-running managers for the offering, while Stifel acted as the passive book-running manager. William Blair and BTIG acted as the co-managers for the offering.

The WSGR team that represented the underwriters included:

Corporate:
Michael Labriola
Mark Fitzgerald
Megan Baier
Mark Bass
Elisa Sielski
Keegan Drake
Alan Campbell
John Lynch

Technology Transactions:
James Clessuras
Tiffany Georgievski
Scott McKinney
Atussa Simon

Privacy/Cybersecurity:
Matthew Staples

Tax:
Eileen Marshall
Joe Mandry

Employee Benefits and Compensation:
Sriram Krishnamurthy
Matthew Norgard

For more information, please see Tenable's press release.