SentinelOne (S) began trading on the NYSE on Wed 30 June 21

ticker: S

SentinelOne provides an AI-powered cybersecurity platform.

• Sector(s): Technology
• Industry: Software—Infrastructure
• Full Time Employees: 1,900
• Incorporated in 2013
• Headquartered in Mountain View, California.
• https://www.sentinelone.com

SentinelOne twice bumped up the size of its deal, which is typically a sign of strong demand. The company collected $1.2 billion after selling 35 million shares at $35. It had filed to offer 32 million shares at $26 to $29 each, but boosted that to $31 to $32 on Monday.

• Priced upsized 35 mln share IPO at $35/share, above the $26-29 expected range
• Opened at $46 and closed at $42.50, up 21% from the offer price.

Telos (TLS) began trading on the Nasdaq on Thur 19 Nov 20

• Telos provides cybersecurity services mainly to the U.S. government, including the CIA and the Defense Department, as well as to large businesses like Amazon.com (AMZN), Microsoft (MSF), and Citigroup (C). Nearly 94% of Telos revenue in 2019 came from government contracts or subcontracts, its prospectus said.
• Telos swung to a profit this year. The Ashburn, Via., company reported $4.1 million in income for the nine months ended Sept. 30 on $135 million in revenue, the prospectus said. This compares with a loss of $1.2 million on $112.7 million in revenue for the period in 2019. 
• The company employs 808 employees, but has only eight sales people. 

Telos upsized and priced previously announced IPO of 14,968,859 shares of common stock at a price of $17.00 per share

Shares of Telos, one of the first companies to tap the public equity markets since the election, surged in their first day of trading.

The stock opened at $21.90 and hit a high of $22.20, before closing at $20.29, up 19.35%.

Telos (ticker: TLS) is one of four companies to make their market debut on Thursday: Olema Pharmaceuticals (OLMA), NeoGames (NGMS), and Yatsen Holding (YSG) also began trading. The group is the first to go public via traditional initial public offerings since the Nov. 3 presidential election.

“It’s been a long time in the making, and we are really happy to be here,” said John Wood, chairman and CEO of Telos. “We had a tremendous amount of demand. We’re very pleased with the market’s response to our story.”

Telos raised $254.5 million after boosting the size of its deal. The company sold 14,968,859 shares at $17 each, up from 12,352,942 shares at $16 to $18 it had planned to offer. Underwriters on the deal include B. Riley Securities, BMO Capital Markets, and Needham & Co.

With 59.84 million shares outstanding, Telos now has a $1.16 billion market capitalization.

McAfee (MCFE) began trading on the Nasdaq on Thur 22 Oct 20

•  The company, based in San Jose, California, was acquired by Intel Corp. in a 2010 deal. In 2016, Intel announced that it had signed an agreement to transfer a 51% stake in McAfee to the investment firm TPG for $1.1 billion. The transaction valued the spun-off company at $4.2 billion, including debt.

• Current backers listed in McAfee’s prospectus include TPG, Intel, Singapore’s sovereign wealth fund GIC Pte and the private equity firm Thoma Bravo.

• McAfee (MCFE) prices 37 mln share IPO at $20.00 per share, inside the expected range of $19-22

(Bloomberg) -- McAfee Corp. and its shareholders raised $740 million in an initial public offering priced within a targeted range as the cybersecurity software provider returns to the stock market.

The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.

McAfee is valued in the IPO at about $8.6 billion based on the outstanding shares listed in its prospectus.

Loss to Profit

For the 26 weeks ended June 27, McAfee had net income of $31 million on revenue of $1.4 billion, according to its filings. That compared with a loss of $146 million on revenue of $1.3 billion for the comparable period last year.

The offering is being led by Morgan Stanley, Goldman Sachs Group Inc., TPG Capital BD, Bank of America Corp. and Citigroup Inc. McAfee’s shares are expected to begin trading Thursday on the Nasdaq Global Select market under the symbol MCFE.

The company was founded in 1987 by John McAfee. Since selling to Intel, McAfee has gone through a series of personal legal challenges.

He was a person of interest in a 2012 murder in Belize, though not charged with a crime. Last year, he was detained in the Dominican Republic for entering the country with a cache of firearms and ammunition.

The firearms charges were announced just hours after the U.S. Securities and Exchange Commission sued McAfee for promoting the sale of cryptocurrencies without disclosing that he was being paid to do so. This month, he was arrested on tax-evasion charges for allegedly failing to report that income.

Cloudflare (NET) began trading on the NYSE on Fri 13 Sept 2019

CloudFlare specializes in a cloud-based network platform that promises security, enhanced performance of business-critical applications, and “eliminating the cost and complexity of managing individual network hardware”.

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 1,069
• Founded in 2009 
• HQ in San Francisco, California
• http://www.cloudflare.com

Shares hit high of $19.53 after pricing above range at $15. Closed up 20% at $18.

Cloudflare Inc. Co-founder and CEO, Matthew Prince, along with Co-Founder and COO, Michelle Zatlyn, joined by NYSE President Stacey Cunningham

Cloudflare Inc. Co-founder and CEO, Matthew Prince, along with Co-Founder and COO, Michelle Zatlyn

In August, Cloudflare dropped 8chan as a customer, condemning the unmoderated message board as “a receptive audience for domestic terrorists” following recent mass shootings, and this appears in the company’s “risk factors” section. Cloudflare noted that it was not the first time a customer elicited scrutiny after a violent attack.

The company also disclosed that it may have done business with individuals and entities tied with narcotics and terrorism according to the U.S. Department of the Treasury’s Office of Foreign Assets Control blacklists, and that it was introducing additional controls and screening to prevent similar activity occurring in the future.

Cloudflare’s IPO comes just a few months after cybersecurity company CrowdStrike (CRWD) went public in June. While CrowdStrike shares are trading 91% above their IPO price, the ETFMG Prime Cyber Security (HACK) is up 14% for the year and the Renaissance IPO ETF (IPO) is up 31%. The First Trust Cloud Computing ETF (SKYY) is up 19% for the year, compared with a 23% gain in the tech-heavy Nasdaq Composite Index COMP, -0.22%.

Cybersecurity has become a hot space recently as a buy or be bought mentality has crept into the year as VMware (VMW)  announced an acquisition of cybersecurity company Carbon Black (CBLK) Broadcom (AVGO)  made a bid for Symantec Corp.’s (SYMC)  enterprise business, and BlackBerry Ltd.’s (BB)  acquisition of Cylance in February.

Prince said an IPO has always been an implicit assumption at the company. As soon as you start taking venture capital money or start issuing options to employees, there’s an implicit signal that you’re going to have to turn that into something you can buy a house with or send a kid to college with, and that there was no pressure from early investors or employees, he said.

CrowdStrike (CRWD) began trading on the Nasdaq on Wed 12 June 2019

CrowdStrike pops more than 70% in debut, now worth over $11 billion

• CrowdStrike opened its first day of trading on the Nasdaq with a share price of $63.50, surging from its IPO price of $34.
• The company provides cloud-based security software to companies like Amazon Web Services and Credit Suisse.
• CrowdStrike recorded a net loss of $140 million for the year ended Jan. 31, while revenue more than doubled to $249.8 million.
• The company is worth about as much as 37-year-old security software provider Symantec despite having about 5% as much revenue.
• In the business software market, CrowdStrike follows the debuts of Zoom and PagerDuty and comes just a head of Slack’s direct listing.

CrowdStrike, whose cloud-based technology is used to detect and prevent breaches, recorded a net loss of $140 million for the year ended Jan. 31, while revenue more than doubled to $249.8 million, according to the company’s prospectus.

Tufin (TUFN) prices IPO at $14 a share

Israeli cybersecurity company Tufin Software Technologies Ltd. priced shares at $14 in its initial public offering Wednesday evening, setting up the Israeli cybersecurity company for a Thursday trading debut. Tufin announced that it will sell 7.7 million shares at the top of its proposed IPO range, to bring in at least $107.8 million at an initial valuation of about $454 million. Tufin, which sells software focused on security policy and implementation, reported a loss of $4.3 million on revenue of $85 million last year, when sales grew more than 30%, according to filings with the Securities and Exchange Commission. Underwriters, led by JP Morgan, Barclays and Jefferies, have access to an additional 1.16 million shares if needed. Shares are expected to begin trading on the New York Stock Exchange on Thursday morning under the ticker symbol TUFN.

Tufin helps security managers automate changes to their networks while maintaining compliance with industry regulations and without introducing vulnerabilities. The company claims 2,000 enterprise customers in over 70 countries and it was co-founded by Kitov in 2005.

The company opened an office near Post Office Square in Boston in 2017. At that time, Kitov relocated to Boston from Israel and joined a team of 20 employees. In Boston, Tufin currently has a portion of the marketing and general administrative teams, as noted in the regulatory filing. The company, which also leases an office in Akron, Ohio, had a total of 119 employees in the U.S. as of December last year.

Tufin has raised a total of $30 million, according to Crunchbase. The company posted revenues of $64.5 million in 2017 and $85 million in 2018. In those years, Tufin also reported a net loss of $2.8 million and $4.3 million, respectively. In the filing, Tufin noted that its accumulated deficit as of December was $40.3 million.

In its upcoming IPO, Tufin is represented by White & Case. The company’s principal executive office is located in Ramat-Gan, a city with around 160,000 residents just east of Tel-Aviv, Israel.

Tenable Holdings (TENB) began trading on the Nasdaq on 26 July 2018

Tenable, a Columbia, Maryland-based cybersecurity company, has closed its IPO at $23 per share.

• Founded: 2002
• tenable.com

The company raised $251 million in the offering and is now valued at $2.78 billion.

Amit Yoran is the CEO and chairman of Tenable Inc.

Jack Huffard is chief operating officer and co-founder of Tenable

Unlike many fellow tech startups, Tenable has only a single-class stock structure that puts the new stock issuances in the IPO at an equal ranking to the original shares.
A typical 15% greenshoe option is still open, leaving the possibility of selling an additional 1.64 million shares and raising an extra $37.6 million.

Insiders are bound to a typical 180-day lockup period, expiring in early 2019.
The deal was led by Morgan Stanley (MS) and J.P. Morgan (JPM).

Rapid7 (RPD) began trading on the NASDAQ on 17 July 15

• Boston-based cybersecurity firm

Description

Rapid7, Inc. is a provider of security data and analytics solutions.The Company offers three solution groups: threat exposure management, which includes its Nexpose, Metasploit and AppSpider products; incident detection and response, which include its UserInsight product and its incident response services, and security advisory services. Its threat exposure management solutions reflect its evolution and enhancement of management tools to encompass a set of data, including real-world threat information, and analytics that facilitate systematic remediation. Its incident detection and response solutions offer customers a combination of product-based analytics, as well as services to help detect attackers and respond to attacks once they are discovered. Its security advisory services help organizations implement and manage an analytics-driven security approach by looking at their security programs and providing them with advice related to prevention, detection and correction.

Address

100 Summer St Fl 13
BOSTON, MA 02110-2131
United States 

Website 

http://www.rapid7.com

Cyberark Software (CYBR) began trading on the NASDAQ on 24 September 2014

• Shares of CyberArk Software(Nasdaq: CYBR), a Newton-based firm providing IT security from internal threats for the likes of Pfizer (NYSE: PFE) and British Telecom, raised $92.5 million in its initial public offering.
• The company said it generated $66.2 million in revenue and profit of $6.6 million during 2013. CyberArk said as of March 31, it had 1,500 customers, including over 30 percent of the Fortune 100 and approximately 15 percent of the Global 2000.
• Founded in 1999 in Israel, CyberArk has had its U.S. headquarters in Massachusetts since 2000. The firm now employs 364 overall and 114 in the U.S., with most of the U.S. employees in Newton. The company has additional sales offices in England, France, Germany and Singapore.
• Profiting from the IPO was the firm’s largest shareholder, Israel-based Jerusalem Venture Partners, which owned 46.8 percent of the company prior to the offering. Other shareholders include: Goldman Sachs Group (24.1 percent) and Vertex Venture Capital (11.6 percent).
• According to a 2012 report by market research firm IDC, worldwide spending on data center security solutions was $10.7 billion in 2011 and is expected to grow to $16.5 billion by 2016,

CyberArk Software's president and CEO, Udi Mokady.

Description

Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. The company also provides Enterprise Class Integration for devices, networks, applications, and servers. It’s CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.

Address

94 Em-Ha'moshavot Road Park Azorim, P.O. Box 3143
PETAH TIKVA, 4970602
Israel

Website 

www.cyberark.com

Key stats and ratios

	Q2 (Jun '14)	2013
Net profit margin	5.76%	10.03%
Operating margin	14.38%	13.72%
EBITD margin	-	14.44%
Return on average assets	5.11%	8.61%
Return on average equity	-0.63%	4.17%
Employees	387