Zscaler boosts targets by 50 percent ahead of Friday's IPO

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The targets have been raised again for what's expected to be the first Bay Area tech IPO in four months. San Jose-based Zscaler Inc. increased the amount of stock for sale and the price targets on its offer, boosting how much it could raise to about $207 million, up 50 percent. The cloud security business now plans to sell 12 million shares to public investors — up from 10 million — and has set aside 1.8 million shares for its underwriters — up from 1.5 million. The price range for the offering...

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