Telos Corporation, a software-based security solutions provider, has filed Form S-1 Registration Statement on October 6, 2020 with the U.S. Securities and Exchange Commission to raise up to $242 million IPO. Pricing terms are yet to announce.
The company offers technologically advanced, software-based security solutions that empower and protect the world’s most security-conscious organizations against rapidly evolving, sophisticated and pervasive threats.
The Ashburn, Virginia-based company was founded in 1971 and booked $180 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Global Market under the symbol “TLS.” B. Riley FBR, BMO Capital Markets and Needham & Co. are underwriters of the IPO.
The company engages Miles & Stockbridge P.C. as US Securities Counsel, and BDO USA, LLP as Independent Auditor.
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