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Exclusive: Veracode files for IPO

Mar 02, 2015

Cybersecurity company Veracode is planning to go public in May, Fortune has learned.

The Burlington, Mass.-based company already has filed confidential IPO documents with the SEC, and is expected to file its publicly-available S-1 shortly. Veracode is said to have already picked banks to underwrite the offering, but we were unable to discover their identities.

Veracode has raised over $110 million in venture capital funding. Its most recent round was a $40 million Series F infusion last September led by Wellington Management, at a post-money valuation of around $450 million. The IPO is expected to value Veracode at around twice that figure.

The company declined comment, via a spokeswoman.

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