Reuters: Global Markets: Cyber security company Barracuda's shares soar in debut

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Cyber security company Barracuda's shares soar in debut Nov 6th 2013, 16:00 Wed Nov 6, 2013 10:12am EST (Reuters) - Shares of Barracuda Networks Inc (CUDA.N), a data storage and security company, rose as much as 31 percent in their trading debut, valuing the company at about $1.18 billion. The company raised about $75 million after its offering was priced at $18 per share, the low end of its expected price range. The Campbell, California-based company sold 4.1 million shares. Barracuda's shares opened at $22.20 and touched a high of $23.61 on the New York Stock Exchange on Wednesday. Morgan Stanley, JPMorgan Chase and Bank of America Merrill Lynch were the lead underwriters. (Reporting By Sruthi Ramakrishnan and Neha Dimri in Bangalore; Editing by Maju Samuel)

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