Cybersecurity
CyberArk IPO Gets Boost as Breaches Fuel Rally: Israel Markets
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The data breaches that have rocked corporate America in recent weeks couldn’t have come at a better time for CyberArk Software Ltd.
The Israeli data security company, which is seeking to raise as much as $80 million in an initial public offering in the U.S., is marketing its shares to investors this week after a rash of attacks on companies from Apple Inc. to JPMorgan Chase & Co. spurred a rally in cyber-security company shares. The shares are set to price Sept. 23, at a range of $13-$15, valuing the company at as much as $443.7 million, according to data compiled by Bloomberg.