Wednesday, October 3, 2012

LifeLock Drops In IPO

Tempe, Arizona-based identity theft protection provider LifeLock had its IPO this morning, after pricing at $9 per share, below its initial estimated IPO range of $9.50 and $11.50 per share. The venture-backed company was trading down this morning on its first day on the New York Stock Exchange under the symbol LOCK, opening at $8.38 per share. LifeLock's venture backers include Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, Goldman Sachs & Co., Symantec, and Industry Ventures.