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Atom Bank to ponder Spac  Atom Bank also revealed it is considering a stock market listing via a so-called ‘blank cheque’ vehicle, in a hectic day for the tech sector. Mark Mullen, the digital bank’s boss, said the option of floating through a special purpose acquisition company (Spac) was ‘interesting and intriguing’. Spacs have become a popular way for tech companies to list because they allow the firms to bypass the traditional float process.  Online used car platform Cazoo, whic...

Darktrace’s success is clear, though the future of one of its founding partners, Mike Lynch, remains up in the air as he fights extradition over fraud allegations.

Darktrace on Monday announced plans for an initial public offering on the London Stock Exchange.

Last modified on Mon 12 Apr 2021 06.14 EDT The cybersecurity firm Darktrace has announced plans to float on the London Stock Exchange, in a move that will reportedly value the Cambridge-based company at £3bn. It is the first big company to have chosen the City for its initial public offering (IPO) since Deliveroo’s disappointing stock market debut last month. Darktrace, founded in Cambridge in 2013, employs more than 1,500 staff globally and is backed by the tech entrepreneur Mike Lynch...

Listing will be the first flotation on the London Stock Exchange since Deliveroo flop

Cybersecurity firm Darktrace has confirmed it is considering to float on the London Stock Exchange in a move that will reportedly value the firm at up to £3billion. The Cambridge-based company, which is backed by former Autonomy boss Mike Lynch, is one of the first big tech firms to have chosen London for its planned initial public offering after Deliveroos flop earlier this month. Darktrace uses artificial intelligence to help companies detect suspicious cyber activity, which has become a pre...

Darktrace Unveils Plans to Go Public on LSE, Undeterred by Deliveroo’s IPO Flop 4 hours ago by Benjamin Godfrey · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. The move by Darktrace to go public in London is coming after the unimpressive market debut by Amazon-backed food delivery company Deliveroo. Darktrace Plc, a Cambridge-based cybersecurity firm, on Monday, announced plans to go public on the London Stock Exchange (LSE), through an Initial Public O...

4 Min Read LONDON (Reuters) -Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and strengthen its balance sheet. The technology company, founded in 2013 in the university city of Cambridge, uses AI to understand IT networks and detect attacks by identifying unusual behaviour. “We are in a new era of attacks...it’s going to be these little pie...

Mike Lynch fraud case casts a shadow over £3bn Darktrace float plan Cybersecurity company admits criminal and civil charges against its founding shareholder "could result in a material adverse effect" 12 April 2021 • 7:08pm The cybersecurity provider Darktrace has warned that the fraud allegations against its founding shareholder, the former Autonomy chief executive Mike Lynch, threaten its prospects as it gears up for a £3bn stock market debut. In documents published as part of the formal...

A prominent Suffolk businessman who faces extradition proceedings to the United States looks set to have to wait until at least May to learn his fate. The...