Friday, March 09, 2007

Sourcefire initial offering tops estimates at $15 a share -

"Underwriters priced shares of Sourcefire Inc. last night at $15 per share -- $1 more than its top estimate -- raising more than $70 million in an initial public offering and valuing the Columbia network security company at $346.7 million.

The price is good news for Sourcefire, said John E. Fitzgibbon Jr., founder of, an IPO information firm based in Jersey City, N.J.,
'The deal was oversubscribed, it was in demand and the institutions were willing to step up and pay a little extra to buy the stock,' Fitzgibbon said last night.
The shares should see a pop today when they begin trading on the Nasdaq stock market, he said. Shares will trade under the ticker symbol FIRE. "

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