McAfee Corp.

McAfee Corp. (MCFE) priced its initial public offering on Oct 23, 2020 at $20.00 per share, within its $19.00–$22.00 range, raising $740M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $8.64B. Ropes & Gray advised the company and Wilson Sonsini advised the underwriters.

McAfee Corp. provides cybersecurity products for consumers and enterprises, including endpoint protection and detection solutions along with cloud security tools such as CASB and secure web gateways. It sells to consumers through a digitally led omnichannel approach.

Status

IPO

Ticker

MCFE

Exchange

Nasdaq Global Select

Priced

Oct 23, 2020

IPO price

$20.00

Price range

$19.00–$22.00

Raised

$740M

Market cap at IPO price

$8.64B

First filed

Sep 28, 2020

Company counsel

Ropes & Gray

Underwriters' counsel

Wilson Sonsini

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.