Security News > 2021 > June > SentinelOne Seeks to Raise Up to $928 Million in IPO

SentinelOne filed for an IPO in early June and in an amendment made to its S-1 registration statement on Monday the company revealed that it's offering 32 million shares of its Class A common stock.

SentinelOne expects its IPO price to range between $26 and $29 per share, which means it hopes to raise up to $928 million.

The firm achieved "Unicorn" status in 2020, after raising $200 million in a Series E funding round.

SentonelOne has raised a total of nearly $700 million.

The company claims to have 4,700 customers and reported revenues of $46.5 million and $93.1 million for fiscal 2020 and 2021, respectively.

As for losses, it reported a net loss of $76.6 million and $117.6 million for fiscal 2020 and fiscal 2021, respectively.

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