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The FT: McAfee to Raise $620m from IPO

22 Oct 2020 9:39 AM | Mia Devonshire (Administrator)

The cyber security firm McAfee has priced its shares in the lower half of its initial public offering despite the strong market for new software companies. 

Public investors agreed to buy shares at $20 each which will deliver $620m in proceeds of which they plan to use to get out of debt. 

The shares are in a “Up-C” format which is meant to provide tax benefits for insiders.

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