FireEye (FEYE) Files For Follow-on Offering

NEW YORK (TheStreet) -- FireEye (FEYE) was down 7.3% to $67.69 Monday after the computer security company filed or a proposed follow-on offering.

In a press release FireEye said the proposed public offering of common stock will contain shares from the company and from current stockholders. The proceeds of the share sold by current stockholders will go to those stockholders and not to FireEye itself.

The offering will contain $700 million worth of stock, but there is no word on the number of shares that will be sold, or the allocation of shares between FireEye and current stockholders.

Morgan Stanley will act as the running manager for the offering.

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