SafeNet Holding Corporation, parent company of information security giant, SafeNet, filed a registration statement (Form S-1) with the United States Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
It is anticipated that the offering will consist of newly issued shares sold by SafeNet Holding Corporation as well as shares sold by selling stockholders. The company plans to raise up to $300 million through an IPO but the number of shares to be offered and the price range for the offering have not yet been determined.
SEC filings show the company reporting 2007 revenue of $300.2 million, 2008 revenue of $329 million and $403.7 in revenue for 2009. In the first quarter of 2010, revenue was $107.8 million. The company was taken private back in 2007 by private equity firm Vector Stealth Holdings. SafeNet has over 25,000 customers in 100 countries and over 1,500 employees worldwide.