Thoma Bravo, Darktrace agree on $5 billion deal in a blow to LSE
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
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Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
(Bloomberg) -- UK cybersecurity company Darktrace Plc agreed to sell itself to private equity firm Thoma Bravo for an equity value of about $5.32 billion.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe deal will give Darktrac
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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...