Cybersecurity firm Darktrace rises 32% on its first day of trading on the London Stock Exchange, after raising £ 165.1m during its IPO at a valuation of £ 1.7bn– – Valuation is lower than the company had previously sought – The company valued its IPO at 250 pence per share, midpoint
Darktrace Plc soared on its first day of trading after the cybersecurity firm made the surprise decision to rush forward its IPO and cut its valuation by about half.
The shares jumped 32% to 330 pence in their first day of trading on Friday. The company raised 165.1 million pounds ($230 million), giving it a market value of about 1.7 billion pounds.
Darktrace Plc soared on its first day of trading after the cybersecurity firm made the surprise decision to rush forward its IPO and cut its valuation by about half.
The shares jumped 32% to 330 pence in their first day of trading on Friday. The company raised 165.1 million pounds ($230 million), giving it a market value of about 1.7 billion pounds.
Darktrace Plc soared on its first day of trading after the cybersecurity firm made the surprise decision to rush forward its IPO and cut its valuation by about half.
The shares jumped 32% to 330 pence in their first day of trading on Friday. The company raised 165.1 million pounds ($230 million), giving it a market value of about 1.7 billion pounds.
