Security News > 2021 > June > SentinelOne Hopes to Raise $1 Billion in IPO After Increasing Price Range
SentinelOne on Monday updated the terms of its initial public offering, and the endpoint security company is now hoping to raise over $1 billion.
SentinelOne filed for an IPO in early June and in an amendment made to its S-1 registration statement on June 21 the company revealed that it's offering 32 million shares of its Class A common stock.
The company initially expected its IPO price to range between $26 and $29 per share, but on Monday it announced increasing the price range to between $31 and $32 per share.
By the end of 2020, its valuation exceeded $3 billion after raising another $267 million in a Series F round.
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.