Menu
McAfee in talks for billion-dollar public market return

McAfee in talks for billion-dollar public market return

Cyber security vendor would be valued at more than US$5 billion

Credit: McAfee

Cyber security vendor McAfee is reportedly planning to go public again, with a potential IPO raising at least US$1 billion, valuing the software company more than US$5 billion, The Wall Street Journal said, citing sources.

McAfee was bought by Intel for US$7.7 billion for in 2011 and then spun off 51 per cent to private equity fund TPG Capital six years later at a US$4.2 billion enterprise value. 

American private equity firm Thoma Bravo also joined as an investor in 2017.

According to the WSJ, McAfee has boosted cash flows through changes to its business strategy as well as acquisitions, which is likely to draw investors’ eyes. 

At the end of 2017, the company acquired cloud-security provider Skyhigh Networks for an undisclosed amount and VPN company TunnelBear in March 2018. 

McAfee declined to comment on the IPO report to Reuters, saying it “does not comment on rumours”.

At the end of last year, Thoma Bravo was reported to be early talks to buy McAfee from TPG Capital and Intel,  as part of an effort to consolidate the cyber security sector.

Around the same time, Thoma Bravo had approached McAfee’s rival Symantec with a takeover offer, the latter of which now looks set to be snapped up by Broadcom for US$15 billion. 

In a reversal to McAfee, a Symantec buyout would take the publicly traded company private after 30 years.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mcafeecyber securityIPO

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments