Imprivata Announces $92M IPO

Secure access management software vendor Imprivata plans to sell 5.75 million shares at $16 each during its upcoming initial public offering for an aggregate offering price of about $92 million.

Imprivata recorded $76 million in sales during the year ended March 31, 2014, according to NASDAQ. The IPO is expected to give the company a diluted market value of about $387 million.

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