December 26, 1995 12:00 PM PST
Net Security Company Cylink Plans IPO
Cylink Corporation, a company that produces network security encryption products, has filed to sell 4.3 million shares of common stock through an initial public offering. The shares being offered amount to 18.4 percent of the company's 23.38 million shares outstanding.
According to a statement filed with the Securities and Exchange Commission last week, Cylink plans to sell the stock at $8 to $10 a share.