{"id":5169,"date":"2012-02-02T05:35:23","date_gmt":"2012-02-02T05:35:23","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=5169"},"modified":"2012-02-02T09:10:18","modified_gmt":"2012-02-02T09:10:18","slug":"avg-technologies-prices-at-16share-source","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/software\/5169\/avg-technologies-prices-at-16share-source\/","title":{"rendered":"AVG Technologies prices at $16\/share: source"},"content":{"rendered":"

Anti-virus software maker AVG Technologies<\/a> NV priced its initial public offering at $16 per share, at the low end of the expected range, according to a market source.<\/p>\n

AVG, which is known for its free suite of anti-virus products, monetizes its large user base through targeted advertisements and by driving traffic to online search companies such as Google Inc<\/a> and Yahoo Inc<\/a>.<\/p>\n

The company, which competes with Symantec<\/a> and McAfee<\/a>, was expecting to price its IPO of 8 million shares between $16 and $18 a share.<\/p>\n

In its latest filing with the U.S. Securities and Exchange Commission, the company had said it will sell 4 million shares, while some stockholders will offer the rest.<\/p>\n

At the $16 offering price, AVG, backed by Intel Capital, Grisoft Holdings and private equity firm TA Associates, would raise $128 million, valuing the Netherlands-based company at $870.1 million.<\/p>\n

Shares of the company are expected to begin trading on the New York Stock Exchange under the symbol “AVG”.<\/p>\n

Morgan Stanley & Co, J.P. Morgan Securities and Goldman Sachs & Co were the book-running managers for the AVG offering.<\/p>\n","protected":false},"excerpt":{"rendered":"

Anti-virus software maker AVG Technologies NV priced its initial public offering at $16 per share, at the low end of the expected range, according to a market source.<\/p>\n","protected":false},"author":7,"featured_media":2517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[25,589,135,53,1240,10327,581,147],"class_list":["post-5169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","tag-active","tag-avg","tag-earnings","tag-google","tag-mcafree","tag-software","tag-symantec","tag-yahoo"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=5169"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5169\/revisions"}],"predecessor-version":[{"id":5194,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5169\/revisions\/5194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/2517"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=5169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=5169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=5169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}