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News

IPO Pricing Available from Fortinet

Fortinet : 19 November, 2009  (Company News)
Unified Threat Management supplier goes public with an initial public offering of $12.50 per share
Fortinet has announced its initial public offering of 12,500,000 shares of its common stock at a price to the public of $12.50 per share. The shares will begin trading on Wednesday, November 18, 2009 on the NASDAQ Global Market under the ticker symbol "FTNT." Of the shares in the offering, 5,781,683 shares are being offered by the company and 6,718,317 shares are being offering by selling stockholders. In addition, Fortinet has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock to cover over-allotments, if any. Fortinet will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley, J P Morgan Securities and Deutsche Bank Securities are acting as joint book-runners for the offering. Robert Baird, RBC Capital Markets, ThinkEquity, JMP Securities and Signal Hill Capital Group are acting as co-managers.

The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Morgan Stanley

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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