Security News > 2020 > September > McAfee Files for IPO

A registration statement filed by McAfee on Monday with the U.S. Securities and Exchange Commission shows that the company is planning on returning to public markets.

In its SEC filing, McAfee listed the offering size at $100 million, but Renaissance Capital research analysts say the amount is likely a placeholder and they estimate that the deal could help the company raise up to $2 billion.

McAfee has applied for listing its stock on Nasdaq under the symbol MCFE. McAfee was acquired by Intel in 2010 for $7.68 billion and in 2014 the chipmaker announced that McAfee would become Intel Security.

In 2016, Intel decided that McAfee would again become an independent company after TPG Capital acquired a 51% stake.

McAfee claims its products protect over 600 million devices and its solutions are used by 86% of Fortune 100 companies.

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