Security News > 2020 > October > McAfee Hopes to Raise Up to $682 Million in IPO

The company revealed in an S-1 form filed with the U.S. Securities and Exchange Commission that it's offering a total of 37 million shares, including roughly 6 million from stockholders.

It expects the IPO price to range between $19 and $22 per share, which could earn McAfee up to $682 million and stockholders another $132 million, for a total of $814 million.

Some experts previously estimated that the IPO could help the company raise up to $2 billion.

McAfee wants to list its stock on Nasdaq under the symbol MCFE. Barron's reported that McAfee plans on pricing the IPO on October 21 and it will start trading the following day.

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

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