Telos Corporation, a software-based security solutions provider, has filed Amendment No 1 to Form S-1 Registration Statement on November 10, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $210 million by offering 12.4 million shares at the price range of $16 to $18. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $1 billion.
The company offers technologically advanced, software-based security solutions that empower and protect the world’s most security-conscious organizations against rapidly evolving, sophisticated and pervasive threats.
The Ashburn, Virginia-based company was founded in 1971 and booked $180 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Global Market under the symbol “TLS.” B. Riley FBR, BMO Capital Markets and Needham & Co. are underwriters of the IPO.
The company engages Miles & Stockbridge P.C. as US Securities Counsel, and BDO USA, LLP as Independent Auditor.
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