SentinelOne targeting lower-than-expected $7 billion valuation in NYSE IPO
The Israeli-founded cybersecurity company plans to sell 32 million shares priced at between $26 and $29 per share, raising $928 million at the top end of the range
Meir Orbach and Reuters | 15:27 21.06.2021
Israeli-founded cybersecurity firm SentinelOne is aiming for a valuation of over $7 billion in its U.S. initial public offering (IPO), according to a regulatory filing on Monday. The valuation is lower than expected, with Bloomberg reporting back in February that SentinelOne was preparing for an IPO at a value of around $10 billion. SentinelOne, whose investors include venture capital backers Tiger Global, Sequoia Capital and Insight Venture Partners, plans to sell 32 million shares priced at between $26 and $29 per share, raising $928 million at the top end of the range. SentinelOne will list its stock on the New York Stock Exchange under the symbol "S".