July 14 addendum - Venture capital firms Greylock Partners and Sequoia Capital will each hold 20.7% of the company after the IPO (Initial Public Offering), and Globespan Capital Partners will hold 7.4%. They'll be listing as PANW. The offering is scheduled to price on July 19, according to Bloomberg.
They may try to raise as much as $229 million. The initial anticipated price range, $34 to $37. This may help start up IPO activity again. The IPO will take place on the NYSE. At the top of this pricing, they will have a market capitalization of $2.5 billion.
After the Facebook implosion, look for this to be a reasonably priced IPO, with a reasonable pop. Don’t put your money on an NYSE meltdown like the one Nasdaq had with Facebook. Perhaps it was all the stress over Zuckerberg’s wedding that occurred shortly after the IPO.