This Ex-Air Force Officer Struck It Rich With Security Company FireEye (FEYE)

FireEye Kevin Mandia

Shares of newly public company FireEye have been going so crazy lately that the company decided to sell off a bunch more of them on Friday, in a secondary offering. And many of its other stakeholders joined in the selling party.

Among them was Kevin Mandia, a former U.S. Air Force officer who founded Mandiant, a security firm that FireEye bought in January for $1.05 billion. FireEye paid $106.5 million in cash and the rest in stock.

Ashar Aziz FireEyeThe CEO of FireEye, David DeWalt, told Business Insider that this was like an IPO for Mandia.

“Today was a proud moment for Kevin Mandia. It was a chance for our Mandiant asset to go IPO,” DeWalt said.

DeWalt also shared a fun fact about FireEye and Mandiant: both companies were founded on the same day in 2004. So maybe their marriage was destiny?

A total of 14 million shares were put on sale for the secondary offering, priced at $82, 5.6 million from the company and the rest from other stake holders, including Mandia. He sold 227,586 shares. At $82 per share, that’s almost $18.7 million.

FireEye has only been a public — For more information read the original article here.    

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