Cybersecurity Company Safe-T Group Submits Preliminary Prospectus for Nasdaq IPO
The company is currently listed on the Tel Aviv Stock Exchange and on the OTCQB venture market
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Founded in 1989, Safe-T offers anti-hacking solutions. The company’s clients include financial institutions, brands such as Coca-Cola and Tuborg, and government and academical entities, mainly in Israel. The company has offices in North America, APAC, Africa, Europe, and Israel, and reported revenues of $458,000 for the first quarter of 2018, up 44% year over year, and an operating loss of $2.33 million.If successful, Safe-T intends to use the proceeds to scale up its marketing and sales activities, and for research and development.