UPDATE 1-SolarWinds files for $250 million IPO

(Adds stock listing, use of proceeds, financials)

WASHINGTON, March 21 (Reuters) - SolarWinds Inc, a provider of network management software, on Friday filed to raise up to $250 million in an initial public offering of common stock.

The company said in a filing with the U.S. Securities and Exchange Commission that JPMorgan, Goldman Sachs & Co, and Lehman Brothers are the lead underwriters for the IPO.

The filing did not reveal how many shares the company plans to sell or the expected price range of the IPO.

SolarWinds intends to list its stock on the New York Stock Exchange under the symbol "SWI" SWI.N.

It plans to use the net proceeds from the IPO to repay debt, working capital and general corporate purposes.

The company earned $13.6 million in 2007 on $61.7 million of total revenue. During the prior year it earned $9.6 million on $38.2 million of revenue. (Reporting by Karey Wutkowski; Editing by Chizu Nomiyama)