CyberArk’s NASDAQ IPO Priced Above Range At $16 A Share

September 28, 2014 | The Israeli cyber security company CyberArk priced its NASDAQ IPO above range, with the company selling 5.36 million shares at $16 per share, up from the planned range of $13-$15. CyberArk granted its underwriters a 30-day option to purchase up to 804,000 shares to over over-allotments when the company began trading on NASDAQ on Wednesday. JP Morgan and Deutsche Bank are joint book-running managers and are the representatives of the underwriters for the offering. CyberArk, founded 15 years ago by CEO Uri Mokady, specializes in IT security solutions to protect organizations from cyber attacks and has raised over $70 million to date, with its largest investor being Jerusalem Venture Partners (JVP).