Cybersecurity Mainstay McAfee Files for IPO
Perhaps the second time will be the charm for cybersecurity company McAfee. The privately held company, a familiar name to many PC users since its software is often bundled into new machines, announced it has filed the regulatory paperwork for an initial public offering (IPO) of its Class A common stock.
The company aims to be listed on the Nasdaq once the IPO is completed, under the ticker symbol MCFE. As is common with initial filings for IPOs, McAfee has not yet set a price range or date for the issue, nor has it specified the number of shares that are to be sold.
But it has lined up underwriters for the issue. The underwriting syndicate is quite large, implying a sizable IPO. The syndicate is led by experienced IPO hands such as Morgan Stanley, Goldman Sachs, and Bank of America Securities.
Source Fool.com
