The Darktrace IPO: should I buy at the current share price?
The Darktrace IPO: should I buy at the current share price? More on: The Darktrace(LSE:DARK) IPO saw shares of the cybersecurity firm priced at 250p. Then strong demand during conditional dealing drove the price to 350p. This morning, Darktrace shares hit the London Stock Exchange and currently trade at 344p, valuing the company at around £2.2bn. Cybersecurity is a growing market, and Darktrace has an apparently unique offering. Revenue is growing strongly, and there’s a path to profit. However, clouds are hanging over the IPO. Darktrace could well have been priced at closer to £4bn. B...
Source: fool.co.uk