Deals
McAfee’s IPO Raises $740 Million in Return to Public Market
- Cybersecurity software provider sells shares for $20 apiece
- McAfee set for trading debut a decade after Intel acquired it
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McAfee Corp. and its shareholders raised $740 million in an initial public offering priced within a targeted range as the cybersecurity software provider returns to the stock market.
The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.