Security Firm Sophos Raises $125M In UK IPO, Valuing It At $1.6B

TechCrunch

As malicious hacks, data breaches and other forms of cyber crime continue to persist in our networked, Internet-connected world, Sophos, a maker of antivirus software, firewall hardware and other security products for networks, individual users and servers, is going public on the London Stock Exchange.

Trading now as Sophos Group plc and using the “SOPH” ticker, the company sold 34.8% of its shares at 225 pence each (or 156,521,740 shares), raising $125 million on a valuation of £1.013 billion ($1.6 billion) — making it the latest tech “unicorn” to come out of the UK.

“Today marks a significant milestone for all of us at Sophos,” said Kris Hagerman, CEO of Sophos, in a statement. “We are proud to be part of Britain’s growing tech economy as a listed business and a leading global provider in the cyber security sector.  Working with our 15,000 channel partners worldwide, we look forward to the next stage of…

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