March 28, 2018
A successful cyber initial public offering in Maryland could bring more jobs, more venture funding and accelerate industry growth in the state.
That’s what industry players hope to see from Tenable Inc. After years of IPO speculation, Reuters recently reported the Columbia cybersecurity firm has hired investment bank Morgan Stanley to lead its public offering.
There’s been talk of Tenable’s IPO potential since it raised a $250 million Series B financing round in 2015 — at the time, it was the region’s largest ever single round raise. It in turn raised questions about the company’s exit plans, and then-CEO Ron Gula said the firm would “absolutely consider” an IPO.