Cybersecurity firm KnowBe4, one of the fastest-growing companies in the region for several years, has filed plans for an initial public offering. It plans to raise at least $100 million through the IPO, according to its March 19 public filing.

Clearwater-based KnowBe4 posted $174.9 million in revenue in 2020, up 45% from $120.6 million in 2019, the filing shows. The 2020 revenue figure is up 616.8% from $24.4 million in 2016.

Private equity giant KKR invested about $300 million in KnowBe4 in March 2019, a placement that valued the company at $800 million. That valuation has since passed $1 billion. KKR is one of the lead underwriters of the IPO, according to the filing. Goldman Sachs, another underwriter in the IPO, invested $30 million in KnowBe4 in 2017, part of a Series B Round where the company raised $44 million.

Read More

Source: Business Observer