Blue Coat readies for IPO

Security company Blue Coat Systems, Inc says that it will soon go public with an initial public offering (IPO).

The enterprise security software vendor said that on Thursday it officially handed over paperwork to the US Securities and Exchange Commission to announce its plans to enter the New York Stock Exchange under the symbol "BLCT."

The IPO is being underwritten by Morgan Stanley, JP Morgan, Credit Suisse, and Goldman, Sachs & Co. Blue Coat has not yet said when the IPO will take place, and is not saying what the offering price will be. ®