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Carbon Black IPO: 5 things to know about the cloud-based cybersecurity company

Cybersecurity company Carbon Black Inc. priced its initial public offering at the high end of its already elevated range late Thursday, and is looking to be the next big IPO in a year that’s seen a big revival in tech startups going public — especially those that are focused on cloud-based product offerings.

The company priced its shares at $19 apiece and is offering 8 million shares with an added 1.2 million shares to underwriters like Morgan Stanley and J.P. Morgan and others to cover overallotments, valuing the company at up to $1.27 billion.

On Wednesday, Waltham, Mass.-based Carbon Black CBLK, +0.00% hiked its initial public offering pricing to a range of $17 to $19, up from its previous range of $15 to $17 a share, according to the company’s most recent Securities and Exchange Commission filing.

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