Sources: SentinelOne expects to raise over $1B in NYSE IPO tomorrow, listing with a $10B market cap

Sources: SentinelOne expects to raise over $1B in NYSE IPO tomorrow, listing with a $10B market cap

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/06/29/sources-sentinelone-expects-to-raise-over-1b-in-nyse-ipo-tomorrow-listing-with-a-10b-market-cap/

After launching its IPO last week with an expected listing price range of $26 to $29 per share, cybersecurity company SentinelOne is going tomorrow with some momentum behind it. Sources close to the  tell us that the company, which will be trading under the ticker “S” on the New York Stock Exchange, is expecting to raise over $1 billion in its IPO, putting its valuation at around $10 billion.

Last week, when the company first announced the IPO, it was projected that it would raise $928 million at the top end of its range, giving SentinelOne a valuation of around $7 billion. Coming in at a $10 billion market capitalization would make SentinelOne the most valuable cybersecurity IPO to date.