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.
The 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.