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Blue Coat Systems Getting Ready To Return To Public Market

Blue Coat Systems could be eyeing a return to the public market, and may quietly file for its initial public offering as early as next week, according to a report.

The report, published in Business Insider on Tuesday, said the company will file privately with the SEC, as it has less than $1 billion in revenue. If it files next week, as the report said, the company could relist on the stock exchange as early as mid-June.

Blue Coat is looking to raise around $500 million in the offering, according to the report. The move would make Blue Coat the second security company to seek its IPO this year, following on the heels of Dell SecureWorks, which had an initial public offering in April. Reports have also said that security solution provider Optiv Security might be seeking an IPO later this year.

Blue Coat declined to comment on the report and what an IPO might mean for partners...

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