Security company ForeScout Technologies plans to raise $101 million in its initial public offering (IPO) by selling 4.8 million shares priced between $20 and $22 per share. It is expected to go public later this month.

The company filed an S1 form with the U.S. Securities and Exchange Commission (SEC) on Oct. 2, but didn’t make public the number of shares to be offered and the price range for the proposed offering until yesterday.

At the midpoint of its proposed range, ForeScout would see a fully diluted market value of $942 million. Following the close of a late-stage $76 million funding round in January 2016, the company boasted a $1 billion valuation.

The company has raised more than $125 million in funding, making it a unicorn.

According to its most recent document filed with the SEC, ForeScout’s revenue for the year ending Dec. 31, 2016 was $166.8 million, representing year-over-year growth of 32 percent. Its revenue for the six-months ending June 30, 2017 was $90.6 million, representing period-over-period growth of 32 percent.

Net losses over 2016 reached $74.8 million, compared to $27.3 million in 2015. And for the six months that ended June 30, 2016 and 2017, net loss was $39.6 million and $47.7 million, respectively.

The company claims as of June 30, it has sold its products to more than 2,500 end-customers in more than 70 countries.

While ForeScout is best known as an Internet of Things (IoT) security startup, it’s been repositioning itself as a network visibility company in recent months.

ForeScout Market Opportunity

As more devices come online in enterprise networks, ForeScout’s technology gives these companies visibility over connected devices, the company said in its S1 form, adding that some of its largest customers use it to manage more than 1 million devices on the network.

“We believe visibility and control represent the next major control point in security and, as such, will garner a greater share of overall security spend over time as traditional defenses become less relevant in today’s dynamic threat environment,” the document says.

ForeScout puts its market opportunity at about $8.6 billion “based on the estimated number of addressable devices in our core target markets and a conservative assumed average sales price per device.”

Last month ForeScout announced a partnership with CrowdStrike that the companies say will provide visibility, threat detection, and automated incident response across endpoints and the network. “They are good at finding and defending against threats in the endpoint. We’re very good at finding those threats in the network,” said Pedro Abreu, chief strategy officer at ForeScout.