Varonis Systems has selected Morgan Stanley to lead an initial public offering for the data security firm, according to two sources familiar with the matter. An IPO could come later this year for the New York-based company and could raise about $100 million, the sources said.Varonis and Morgan Stanley declined comment.Founded in 2005, Varonis helps organizations manage and analyze their unstructured data, like documents, spreadsheets and media files. It has about 2,000 customers including financial institutions like Greenhill & Co Inc, technology companies like SanDisk Corp and accounting firms like Grant Thornton.The company has raised funding from investors including Accel Partners, Evergreen Venture Partners, Pitango Venture Capital and EMC Corp.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI fell by 3.13% or $-0.68/share to $21.05. In the past year, the shares have traded as low as $16.93 and as high as $21.80. On average, 25345 shares of FISI exchange hands on a given day and today's volume is recorded at 6165.
Greenhill & Co., Inc. (Greenhill)is an independent investment bank focused on providing financial advice on mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. Shares of GHL traded higher by 0.69% or $0.35/share to $51.12. In the past year, the shares have traded as low as $39.64 and as high as $61.99. On average, 305870 shares of GHL exchange hands on a given day and today's volume is recorded at 125946.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.3% or $-0.08/share to $26.84. In the past year, the shares have traded as low as $14.18 and as high as $28.02. On average, 17660600 shares of MS exchange hands on a given day and today's volume is recorded at 4135131.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies. Shares of SNDK traded higher by 0.05% or $0.03/share to $58.18. In the past year, the shares have traded as low as $38.47 and as high as $63.97. On average, 4663950 shares of SNDK exchange hands on a given day and today's volume is recorded at 2538948.
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