Twitter LinkedIn
    Monday, June 5
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Cybersecurity Firm Darktrace Plans London Stock-Market Listing
    Deals

    Cybersecurity Firm Darktrace Plans London Stock-Market Listing

    April 12, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    British cybersecurity company Darktrace Plc announced plans for an initial public offering in London, adding to a surge in U.K. listings even after Deliveroo Holdings Plc flopped in its market debut. The company will sell new shares to fund product development, and some existing investors also will offer stock, Darktrace said in a statement Monday. Darktrace and shareholders plan to sell at least 20% of the company’s equity, and the stock will trade on the London Stock Exchange’s premium market and be eligible for FTSE’s benchmark stock indexes, according to the statement.

    IPO proceeds in London total $9.9 billion this year, according to data compiled by Bloomberg, on par with 2019 and closing in on the 2020 total of $11.6 billion. Deliveroo, which raised 1.5 billion pounds ($2.1 billion) in its listing March 31, has slumped 35% since it began trading, hit by investor concerns about its gig-economy business model and its dual-class share structure.

    Darktrace has been putting the pieces in place since at least late 2019 for a public offering. The company was founded in 2013 by veterans of U.S. and British intelligence agencies and mathematicians from the University of Cambridge. Its technology uses artificial intelligence to learn how organizations work and employees communicate to detect irregularities and wall off cyberattacks to prevent them from spreading.

     

    Read More

    Source: BNN Bloomberg

    By Phil Serafino and Amy Thomson

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Investments IPO Transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Brookfield buys KKR’s Spanish solar company stake

    March 23, 2023

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Comments are closed.

    Other Articles

    Oxford University and Global Accelerated Ventures launch Conservation Venture Studio

    February 12, 2021

    EPF launches world’s largest syariah private equity SMA fund with US$600m allocation

    February 26, 2021

    Panoramic Ventures launches with USD300m fund as BIP Capital and Paul Judge join forces

    February 11, 2021

    LDC back UK mid-market companies to the tune of £180m in H1 2021

    July 7, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?