/ FireEye files plans for IPO of up to $175 Million

From Marketwatch.com: “FireEye Inc. filed plans for an initial public offering of up to $175 million in common stock as the IT security company looks to raise funds for general corporate purposes.

FireEye intends to use proceeds for purposes such as headcount expansion, working capital, sales and marketing activities and product development

For the six months ended June 30, FireEye reported its loss widened to $67.2 million from the year-earlier period amid a sharp jump in operating expenses. However, revenue for the period more than doubled to $61.6 million.

The company didn’t specify which exchange it plans to list its shares on but said it plans to trade under the symbol FEYE.”

Read the original Press Release Here