McAfee Inc. has hired underwriters to pursue an initial public offering this year that its owners hope could value the cyber security company at at least $8 billion, according to people familiar with the matter.
McAfee, partly owned by Intel Corp., is working with Morgan Stanley and Bank of America Corp. as well as a full banking syndicate for an IPO, which could take place this fall, said one of the people, who asked to not be identified because the matter is private.