Mimecast (MIME) Files for $100M Common Stock IPO

Mimecast Limited (Nasdaq: MIME) filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on the Nasdaq under the ticker, "MIME."

Underwriters are Goldman, Sachs & Co., Barclays, Jefferies, RBC Capital Markets, and Oppenheimer & Co.

Financial performance: "For the fiscal years ended March 31, 2013, 2014 and 2015, our revenues were $66.8 million, $88.3 million and $116.1 million, respectively, representing year-over-year growth of 32% for 2014 and 31% for 2015. Revenue growth on a constant currency basis was 37% and 33% for the fiscal years ended March 31, 2014 and 2015, respectively. For the three months ended June 30, 2014 and 2015, our revenues were $26.9 million and $33.3 million, respectively, representing year-over-year growth for the quarter of 24%. Growth for this period was 32% on a constant currency basis. Our net losses were $14.3 million and $16.9 million in the fiscal years ended March 31, 2013 and 2014, respectively, and our net income was $0.3 million in the fiscal year ended March 31, 2015. Our net loss for the three months ended June 30, 2015 was $2.2 million."

Mimecast is a leading provider of next generation cloud security and risk management services for corporate information and email.

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