Tenable Holdings (TENB) IPO Opens 43% Higher

Today's IPO for Tenable Holdings, Inc. (NASDAQ: TENB) opened for trading at $33 after pricing of its initial public offering of 10,900,000 shares of common stock at a price to the public of $23.00 per share.

Tenable has granted the underwriters a 30-day option to purchase up to 1,635,000 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.

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

Tenable® is the Cyber Exposure company. Over 24,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus®, Tenable extended its expertise in vulnerabilities to deliver Tenable.io®, the world's first platform to see and secure any digital asset on any computing platform. Tenable customers include 53 percent of the Fortune 500, 29 percent of the Global 2000 and large government agencies.

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