SolarWinds (NYSE: SWI), an Austin, Texas-based provider of network management software for the SMB/SME market, has filed to sell 11.5 million shares via a secondary public offering. The company itself would sell 1.5 million shares, while the remainder would be offered by existing backers like Insight Venture Partners (approx. 2.5 million shares), Bain Capital Ventures (2m) and Austin Ventures (276k). Each selling shareholder would retain an equity position in SolarWinds.
SolarWinds stock closed Friday at $19.84 per share, compared to a May IPO price of $12.50 per share. www.solarwinds.com