Internet software company FatPipe applies for a US stock IPO with plans to raise $17 million
Network software company FatPipe has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), planning to raise $17 million. FatPipe provides network software solutions for enterprises, with main products including SD-WAN, SASE, and NMS software solutions. The company is headquartered in Salt Lake City, Utah, USA, with revenue of $18 million. It plans to list on Nasdaq with the ticker symbol FATN
According to the financial news app Smart Finance, FatPipe (FATN.US), which provides network software solutions for enterprises, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise $17 million. The company plans to list on the Nasdaq under the symbol FATN.
FatPipe provides enterprise-grade, application-aware, secure Software-Defined Wide Area Network (SD-WAN) solutions for organizations such as enterprises, communication service providers, security service providers, government agencies, and mid-market companies. Through its integrated software solution suite, the company offers customers a reliable and secure platform to support mission-critical applications running on cloud, hybrid cloud, and on-premises networks.
The company's core products include SD-WAN, Secure Access Service Edge (SASE), and Network Monitoring Service (NMS) software solutions, each typically offered as a subscription service. FatPipe primarily serves customers in the United States and India, although it plans to further expand its business in parts of North America and Southeast Asia.
Headquartered in Salt Lake City, Utah, USA, FatPipe was founded in 2010 and generated revenue of $18 million in the 12 months ending March 31, 2024. FatPipe had previously confidentially filed on October 10, 2023. Roth Capital is the sole bookrunner for this transaction. The company has not disclosed the pricing terms yet