Steeped in spycraft, cybersecurity firm Darktrace rockets on London debut By Reuters – Investing.com
- Date: 03-May-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Steeped in spycraft, cybersecurity firm Darktrace rockets on London debut By Reuters – Investing.com
By Paul Sandle
LONDON (Reuters) -Darktrace, a cybersecurity company advised by former MI5 and CIA spymasters, leapt more than 40% on its market debut on Friday, delivering a boost to the London market after the spectacular flop of Deliveroo last month.
The company was priced at 250 pence in the initial public offering, giving it a valuation of just over half the original aim of $4 billion. But it rocketed to 352 pence when trading started, well above the 220-280 pence range set by its bankers when its roadshow began on Monday.
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