Carbon Black (CBLK) IPO Opens 30% Higher

Today's IPO for Carbon Black (NASDAQ: CBLK) opened for trading earlier at $24.70 after pricing 8 million shares of its common stock at a price to the public of $19.00 per share.

Morgan Stanley and J.P. Morgan are acting as joint book-running managers for the proposed offering. KeyBanc Capital Markets, William Blair, Raymond James and Cowen are acting as co-managers.

Carbon Black is a leading provider of next-generation endpoint security. Carbon Black serves more than 3,700 customers globally, including 33 of the Fortune 100. As a cybersecurity innovator, Carbon Black has pioneered multiple endpoint security categories, including application control, endpoint detection and response (EDR), and next-generation antivirus (NGAV). Leveraging its big data and analytics cloud platform – the Cb Predictive Security Cloud – Carbon Black solutions enable customers to defend against the most advanced cyber threats, including malware, ransomware, and non-malware attacks. Deployed via the cloud, on premise, or as a managed service, customers use Carbon Black solutions to lock down critical systems, hunt threats, and replace legacy antivirus.

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