September 30, 2015 / 11:44 AM / 4 years ago

Sequoia-backed Quick Heal files for IPO

An illustration picture shows a projection of binary code on a man holding a laptop computer, in an office in Warsaw June 24, 2013. REUTERS/Kacper Pempel/Files

MUMBAI (Reuters) - Anti-virus software maker Quick Heal Technologies Ltd, which is backed by Sequoia Capital, filed a prospectus for a stock listing with the domestic market regulator on Wednesday.

The IPO will involve the sale of new shares worth up to 2.5 billion rupees ($38.03 million) and 6.8 million shares currently held by promoters including Indian units of Sequoia Capital and company founders, Quick Heal said in a statement.

Sequoia, which currently holds more than 10 percent stake in Quick Heal, is looking to sell about 4.6 percent of its stake, according to a source familiar with the matter.

ICICI Securities, Jefferies and JP Morgan will be the underwriters, according to Quick Heal.

($1 = 65.7300 rupees)

Reporting by Karen Rebelo in Mumbai; Editing by Biju Dwarakanath

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