Home > Industry > McAfee Makes A Comeback With IPO

McAfee Makes A Comeback With IPO

Cybersecurity maker, McAfee, is gearing its comeback as a public company, following a filing to the SEC earlier this week.

According to Marketwatch, the company is registered to raise up to US$100 million, however, the placeholder figure is set to be updated later.

Disclosed within the filing, the security software vendor generated US$2.64 billion in revenue last year, with a loss of US$236 million.

The first twenty six weeks of this year has notched net income of US$31 million, following reported revenue of US$1.4 billion.

It comes after Intel sold its majority stake in McAfee to TPG for US$4.2 billion in 2016. A year later Bravo inked a deal with TPG to snare a minority stake.

The latest prospectus lists TPG and Thoma Bravo as its backers.

The news follows a boom in software IPOs this year as the coronavirus pandemic fuels tech stocks.

You may also like
More Info Revealed On Intel Alder Lake Processors  
Impressive Performance Expected On New Intel Processor
Price of Intel’s Alder Lake Processors Available On Amazon Ahead Of Launch
What Happens When You Break The Apple Spell
Revealed: First Intel Alder Lake 12th Gen Gaming PC