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Sourcefire Sets IPO Terms

Sourcefire Inc., a Columbia, Md.-based provider of network security solutions, has set its proposed IPO terms to 5.77 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol FIRE, with Morgan Stanley and Lehman Brothers serving as co-lead underwriters. SourceFire has raised around $55 million in total VC funding since its 2001 inception, from firms like Sierra Ventures (28.8% pre-IPO stake), New Enterprise Associates (18.1%), Inflection Point Ventures (8.8%), Core Captal Partners (7.6%), Sequoia Capital (7.5%) and Meritech Capital Partners.