Trustwave Holdings is seeking to raise around $100 million in an initial public offering (IPO), The Wall Street Journal reports. The data-security and compliance-management company plans to use the proceeds from the offering for general corporate purposes.
The Chicago-based company has not disclosed the details of the number of shares to be sold or their expected price, adds Reuters. Morgan Stanley, JP Morgan Securities and Barclays Capital are the lead underwriters of the offering.
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