Cybersecurity Co. McAfee Leads 3 IPOs With $740M Debut
Law360 (October 22, 2020, 4:02 PM EDT) -- A trio of companies led by cybersecurity business McAfee started trading Thursday after raising a combined $994 million in initial public offerings, with McAfee bringing in the lion's share with a $740 million debut.
McAfee Corp.'s shares started trading on the Nasdaq Global Select Market under the symbol MCFE, where they opened at $18.60 apiece, below their IPO price of $20 each. Abcam PLC, which sells life science research tools, also made its market debut after raising $156.5 million, and mortgage company Guild started trading after pricing a $97.5 million offering.
McAfee sold nearly 31 million shares, while existing investors sold...
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