Palo Alto Networks Files For $175 Million IPO
Next-generation firewall upstart Palo Alto Networks filed its form S-1 this week in preparation for its long-anticipated IPO, in which it expects to raise $175 million.
Palo Alto's S-1 showed that it has doubled its revenue in the past year, though it was not yet profitable as of last summer.
Nonetheless, Palo Alto has become a darling in the networking and security markets and is aggressively taking the fight to established players such as Cisco, Check Point, Juniper and others.
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