Guidance Software Sets IPO Terms

Pasadena-based Guidance Software, a developer of digital forensics software, has set terms of the firm's IPO. In a filing with the SEC Thursday, the firm said that it will offer 1,750,000 shares of its common stock at a price between $12.50 and $14.50 a share. The firm is looking to raise up to $83.4M on the Nasdaq under the symbol GUID. The IPO is being underwritten by Morgan Stanley, Wachovia Securities, Lehman Brothers, and A.G. Edwards.