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Zscaler increases size, price of IPO

“ZS, +0.00% increased the size and target price of its initial public offering Tuesday morning, ahead of an expected market debut Friday” writes Jeremy C for In an updated filing with the Securities and Exchange Commission, the security-software company said it now expects to sell at least 12 million shares at a price of $13 to $15 apiece, after previously seeking to sell 10 million shares at $10 to $12 each.At the midpoint of its new price range, Zscaler would pull in $168 million at an initial market cap of $1.64 billion. Zscaler expects to trade on the Nasdaq exchange under the ticker symbol ZS, and underwriters–led by Morgan Stanley and Goldman Sachs–have access to 1.8 million additional shares that could push the totals higher.

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