Sophos LSE IPO

7/7/2015
IPO

£ 1 billion

$ 1.239 billion

Completed

7/7/2015


Overview:

  • Sophos has launched an IPO on the LSE with intent to raise £65 million.
  • The deal values the company at over a £1 billion.
  • The Oxfordshire based company offers cybersecurity services and is majority owned by private equity house Apax Partners.
  • The proceeds of the offering will be used to pay down net debt.
  • The deal represents the third time the company has tried to take shares to market following attempts in 2007 and 2009.

Sam Duke - Editor

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