10 years ago

Sophos Raises $125 Million in UK IPO

  • Sophos, a British cybersecurity company, has raised $125 million in its initial public offering (IPO) on the London Stock Exchange

  • The company, which provides antivirus software, firewall hardware, and other security products, is now valued at $1.6 billion

  • The IPO will allow Sophos to reduce its debt and provide greater financial flexibility to drive future growth

  • The company has been around since 1985 and was previously owned by Apax Partners, which now holds a 40.1% stake in the company

  • Sophos is the latest UK-based tech company to go public, joining a growing number of startups that are choosing to go public rather than remain private.

      • ProblemTechnology

      "Businesses and individuals are increasingly vulnerable to sophisticated cyberattacks, leading to data breaches, financial losses, and reputational damage."

      Solution

      "Sophos provides comprehensive cybersecurity solutions, including antivirus software, firewall hardware, and other security products, to protect networks, individual users, and servers from various cyber threats."

      Covered on