PE-Backed Cybersecurity Brand McAfee Aims For $759M IPO

Law360 (October 13, 2020, 10:37 PM EDT) -- Cybersecurity software creator McAfee, which is backed by private equity firms TPG and Thoma Bravo, on Tuesday launched an initial public offering guided by Ropes & Gray and Wilson Sonsini to lock down $758.5 million to repay loans and repurchase newly issued securities.

San Jose, California-based McAfee Corp., advised by Ropes & Gray LLP, filed its first registration statement confidentially in August before filing publicly at the end of September without specifying its terms, according to U.S. Securities and Exchange Commission records. In the September filing, the cybersecurity company said it was looking to raise $100 million, a placeholder figure used...

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