It has been active in the market since 1987, starting as an American global computer security software company. But it grew into something much more than that: a reliable partner.
Year after year, McAfee took great care of our computers and
mobile gadgets, with no exception. As
the technology evolved, so did McAfee. More and more people started to want
better, safer security solutions, and McAfee always delivered customers
worldwide with some of the best products.
Its incredible potential was highlighted in 2011 when Intel
took over, integrating the California-based firm into its security division.
Now, 33 years after it was founded, McAfee is going public on the Nasdaq
Exchange for the first time since 2011. This initial public offering is valued
at an impressive $814 million, with top-tier banking giants such as Morgan
Stanley, Citigroup, or Goldman Sachs supporting it.
How can this info help you? We’ll tell you right away why
McAfee IPO listing is an opportunity you cannot miss!
McAfee boasts a colossal client base. And its popularity
matches it.
McAfee builds both enterprise and customer solutions for
more than 30 million people on the globe. In total, 600 million devices benefit
from protection in as many as 182 countries. 86% of the Fortune 100 companies
use McAfee products, while 78% of the Fortune 500 companies bought a
subscription.
McAfee brings Antivirus solutions to the table to detect up
to 8.600 threats per minute while processing 62 billion real-time searches
every day.
According to statistics, home users and corporations
purchase McAfee products online and from retail stores worldwide to get protection
on their smartphones, tablets, PCs, or laptops through their Internet Service
Providers, their devices, or even cell phone providers.
That covers pretty much everything. And for a company that
aims at making the world a safer place, it’s the only way to go, which makes
McAfee even more enticing for all kinds of investors. Where there’s growth
potential, there’s also potential to reach your goals, like with the McAfee
IPO.
The McAfee IPO – key things you need to know
McAfee plans to raise $682 million from selling
approximately 31 million shares at an initial price between $19 and $22 apiece.
Additionally, current shareholders plan to sell more than 6 million shares. All
in all, the company expects to raise as much as $814 million from offering
close to 37 million shares to the public, according to the company’s form
filled with the U.S Securities and Exchange Commission.
Other relevant IPO facts:
·
The company aims to price its deal on Oct 21.
·
Trading is scheduled the next day, on Thursday,
Oct. 22.
·
The event is backed up by huge banking names
such as Citigroup, Morgan Stanley or Goldman Sachs, and the private-equity
behemoth TPG Capital.
McAfee is riding the growth wave.
For McAfee, 2020 has been a profitable year thus far. For
the quarter ended September 26, 2020, the company reported preliminary total
net revenue of $731 million, up 2.1% over the $716 million the company reported
for the same period last year. This includes an expected increase in consumer
net revenue.
It is also worth noting that McAfee employed 6.850 people
globally as of June 2, 2020.
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Cybersecurity won’t get out of date anytime soon, as the
need for data protection grows bigger and bigger, and corporations continue to
pour massive amounts of money into research and development.
And with the McAfee IPO looming, it’s time to act now and
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Sources: mcafee.com, wikipedia.org, marketwatch.com,
barrons.com