FatPipe

General Information
Business:

We provide enterprises with network software solutions. (Incorporated in Utah)

We offer secure software-defined wide area network (SD-WAN) solutions to enterprises, communication service providers, security service providers, government organizations and middle-market companies. We provide a reliable and secure platform to support mission-critical applications running on cloud, hybrid cloud and on-premise networks. We serve customers in the U.S. and India. We plan to expand throughout North America and in Southeast Asia.

Note: Net income and revenue are for the 12 months that ended Sept. 30, 2024.

(Note: FatPipe Inc. filed its S-1/A on Feb. 3, 2025, and disclosed its IPO’s terms: 0.74 million shares (740,740 shares) at a price range of $5.75 to $7.75 to raise $5.0 million, if priced at the $6.75 mid-point of its range. In  that filing, FatPipe named D. Boral Capital as its sole book-runner, replacing Roth Capital Partners as the book-runner and Craig-Hallum as the co-manager. Background: FatPipe filed its S-1 without disclosing the terms for its IPO on July 2024. Estimated IPO proceeds were about $15.0 million. Background: The company submitted confidential IPO documents to the SEC on Oct. 10, 2023.)

Industry: Software
Employees: 154
Founded: 2010
Contact Information
Address 392 East Winchester Street, Fifth Floor Salt Lake City, Utah 84107
Phone Number (801) 281-3434
Web Address http://www.fatpipe.com/
View Prospectus: FatPipe
Financial Information
Market Cap $92.93mil
Revenues $18.74 mil (last 12 months)
Net Income $5.19 mil (last 12 months)
IPO Profile
Symbol FATN
Exchange NASDAQ
Shares (millions): 0.7
Price range $5.75 - $7.75
Est. $ Volume $5.0 mil
Manager / Joint Managers D. Boral Capital (ex-EF Hutton)
CO-Managers
Expected To Trade: 3/17/2025
Day: Week of
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change