Network Security Company Tufin Aiming for $100 Million NYSE IPO

Cybersecurity company Tufin Software Technologies Ltd. has applied for an initial public offering on NYSE under the ticker TUFN, according to a prospectus the company filed Wednesday with the U.S. Securities and Exchange Commission. The company is looking to raise $100 million, with JP Morgan Securities LLC, Barclays Capital Inc., and Jefferies LLC as bookrunners.

Founded in 2003, Tufin develops network security management software. The company, which has around over 400 employees in offices in Boston, London, and Tel Aviv suburb Ramat Gan, has raised around $30 million to date. For the fiscal year 2018, the company reported revenues of $85 million, up 31.7% from 2017. Net loss was $4.3 million.