ArcSight Inc., a Cupertino, Calif.-based provider of security and compliance management solutions for enterprise and government clients, has set its IPO terms to around 6.86 million common shares being offered at between $9 and $11 per share. The company would have a market cap of approximately $340 million, were it to price at the high end of its offering range. ArcSight plans to trade on the Nasdaq under ticker symbol ARST, with Morgan Stanley and Lehman Brothers serving as co-led underwriters.
ArcSight has 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