Theft protection service LifeLock, backed by Symantec, has filed with US regulators for an initial public offering which the company hopes will raise up to $175m.
Other stockholders include a 24.4% stake for Bessemer Venture Partners (BVP), Kleiner Perkins Caufield & Byers (KPCB) with 12.2%, Goldman Sachs taking 10.9%, and Industry Ventures owing 9.7%. Symantec itself holds 8.2%.
No financial details on the proposed stock price or how many stocks will be made available has been disclosed. LifeLock intends to list its stock on the New York Stock Exchange under the symbol “LOCK”.
Goldman Sachs, Merrill Lynch, and Deutsche Bank will act as joint book-running managers and RBC Capital Markets, Canaccord Genuity, and Needham & Company will act as co-managers for the offering.
The company made a net loss of $4.3m in 2011, on $193.9m in revenues, and It had a net income of $11.6m for the first six months of this year on $118.3m in revenues.
Prior to its IPO, the Arizona-based company attracted a total of $178m in venture funding. BVP were the first to finance the company as the sole investor in a $6m series A round during October 2006. In May the following year, KPCB invested $6.85m in a series B round. Goldman Sachs provided $25m in January 2008 during a series C round. In August 2009, Symantec was the sole participant in a $40m series D round. Then in March this year, all four current investors were joined by venture firms Industry Ventures, Institutional Venture Partners, and pre-IPO business development company Keating Capital in a venture round that closed for $100m.