Sequoia, Mohr Davidow, Norwest Benefit From FireEye and Rocket Fuel IPOs

FireEye Inc founder Ashar AzizIPOs from FireEye and Rocket Fuel debuted to, well, a combination of fire and fuel on Friday, finishing their first day of trading with 80% and 89.7% share price rises, respectively.

The offerings seem reminiscent of the excitement of the early dot-com years, and capitalize on the hot sectors of security and ad tech.

They bring big potential paydays to Mohr Davidow Ventures, Sequoia Capital and Norwest Venture Partners.

The biggest holder of Rocket Fuel stock is Mohr Davidow, which prior to the offering held 11.4 million shares, or 40.1% of the company, according to a company filing with the Securities and Exchange Commission. At today’s price, the position is worth $629 million.

Also in Rocket Fuel are Nokia Growth Partners, with 2.7 million shares prior to the offering, Northgate Capital, with 2.1 million shares, and Labrador Ventures, with 1.5 million shares..

This story first appeared in Reuters Venture Capital Journal. Subscribers can read the original story here. To subscribe to VCJ, please email Greg.Winterton@ThomsonReuters.com