SentinelOne’s upgraded IPO pricing is good news for Tiger, public markets and your local VC
https://techcrunch.com/2021/06/28/sentinelones-upgraded-ipo-pricing-is-good-news-for-tiger-public-markets-and-your-local-vc/
As the second quarter races to a close, we’re down to the wire for IPOs looking to get out before June ends. One such company is SentinelOne, a cybersecurity startup backed by Insight Venture Partners, Redpoint, Tiger Global Management, Data Collective and Anchorage Capital, among others.
SentinelOne raised an ocean of capital while private, including nearly $500 million across two rounds in 2020. Its debut is therefore a huge liquidity event for a host of investing groups. And today, the cybersecurity unicorn had good news in the form of an upgrade to its IPO price range.