Veracode Logo

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.

Sign up for Term Sheet, our daily newsletter on deals and deal-makers.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions