Cybersecurity firm SentinelOne valued at nearly $11 bln in public debut – Reuters

sentinelone public cybersecurity debut
Middle East
  • Date: 01-Jul-2021
  • Source: Reuters
  • Sector: Economy
  • Country: Middle East
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Cybersecurity firm SentinelOne valued at nearly $11 bln in public debut – Reuters

June 30 (Reuters) - Shares of security software provider SentinelOne Inc (S.N) jumped 21.4% in their U.S. stock market debut on Wednesday, giving the company a market capitalization of nearly $11 billion.

Its shares opened at $46 and finished the day at $42.5, above their initial public offering (IPO) price of $35, indicating investors' interest in fast-growing software companies in a week flooded with IPOs.

SentinelOne sold 35 million shares to raise about $1.23 billion in the IPO. It had earlier planned to sell 32 million shares priced between $31 and $32 per share.

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