According to AP reports, Sourcefire has set their initial price at $15 per share. Previously, the expected range was set at $12 to $14.

Since the onslaught of SOX, there has been a significant decrease in IPO activity. The new conventional wisdom says that you need at least $100M in revenue to go public. That combined with a minimum of $2M a year to stay compliant has many companies looking for alternative ways to raise capital. These forces are just one reason for the increasing consolidating in many markets. Given that Sourcefire's annual revenue is only about half of the $100M thought to be needed, all of us private companies will be watching and learning.