FireEye Takes Off as Shares Rise 80 Percent in IPO Debut

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After pricing yesterday at $20, shares of the Internet security firm FireEye rose by more than 90 percent as they debuted on the Nasdaq exchange today.

The shares closed at $36 even, up exactly 80 percent on their first day of trading.

I had a quick chat with CEO Dave Dewalt. Here’s a little of what we talked about:

AllThingsD: Dave, as we speak, your shares are up 96 percent from where you priced. I guess you can call that a pretty good day.

Dewalt: There’s still a few hours to go, so I’m crossing my fingers.

So let’s take it from the top. I know you’re a security firm, but what is it exactly that you do?

The company developed some really interesting technology. My background is that I came from McAfee. And I saw the technology here to secure virtual machines which was like nothing I had ever seen before. At the core of it is a virtual machine. Think of it like VMWare. Although VMWare was designed for workload management and data consolidation, there’s a similar parallel to what we’re trying to accomplish with security. We essentially put micro virtual machines across the enterprise. They replace anti-virus black-listing models. These virtual machines have For more on this read the original article here.

Source: Shared News

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