- Billionaire investor Daniel Loeb’s hedge fund, Third Point-backed cybersecurity firm SentinelOne Inc (NYSE:S), aims to raise $1.02 billion from the sale of 32 million shares at $31 – $32 per share in an upsized initial public offering, Reuters reported.
- The company is targeting a valuation of $8.11 billion.
- The IPO price previously lied between $26 – $29.
- It aims to list its shares on the NYSE under the symbol “S.”
- Tiger Global, Sequoia Capital, and Insight Venture Partners venture capital firms back the firm.
- SentinelOne protects laptops and mobile phones from security breaks via artificial intelligence technology to identify unusual behavior in enterprise networks.
- Morgan Stanley and Goldman Sachs are the lead underwriters for the offering.
Cowen & Co. Initiates Coverage On Iris Energy with Outperform Rating, Announces Price Target of $31
Cowen & Co. analyst Stephen Glagola initiates coverage on Iris Energy (NASDAQ:IREN) with a Outperform rating and announces Price Target of $31.
