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McAfee would be preparing an IPO. According to Bloomberg’s sources, this is a valuation of at least 8 billion dollars, which is equivalent to about 7.2 billion euros. In July, there were already rumours of an IPO, but then the company was only attributed a value of $5 billion.

Bloomberg’s sources state that analysts have been hired to investigate whether an IPO is possible. The security company would cooperate with Morgan Stanley and Bank of America, as well as a group of investment banks. If the IPO were to take place, it would be in the autumn of 2019.

Earlier this year CrowdStrike, Tufin and Ping Identity also went to the fair. However, none of these companies came close to the amounts mentioned for McAfee. McAfee was already listed in 1999, but the company was acquired by Intel in 2010 for $7.7 billion. Meanwhile, Intel and the investment firms TPG and Thomas Bravo are joint owners of the company.

High estimates

Earlier there were reports of a possible IPO, which should yield about a billion dollars. According to CRN, this is one of the largest amounts in the world of cyber security since 2018. Since then, several security companies have raised a lot of money with an IPO. Last year Avast raised more than 800 million dollars, earlier this year CrowdStrike raised just over 600 million dollars. However, the sources indicated that the decision to go on the stock exchange was not yet final.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.