ArcSight Inc., a Cupertino, Calif.-based provider of security and compliance management solutions for enterprise and government clients, has raised $61.76 million in its IPO. The company priced around 6.86 million common shares at $9 per share ($9-$11 offering range), for an initial market cap of approximately $278.5 million. ArcSight will trade on the Nasdaq under ticker symbol ARST, while Morgan Stanley and Lehman Brothers served as co-led underwriters.
ArcSight had raised around $15 million in VC funding since 2002, from firms like Kleiner Perkins Caufield & Byers (23.5% pre-IPO stake), Institutional Venture Partners (11.8%), Integral Capital Partners (6.3%) and New Enterprise Associates (5.4%). www.arcsight.com
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