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SentinelOne shares up 21% during its NYSE debut
Next-gen Cybersecurity
Jun 30, 2021
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Next-gen Cybersecurity

Next-gen Cybersecurity

Jun 30, 2021

SentinelOne shares up 21% during its NYSE debut

Funding
Earnings/results

  • SentinelOne, a provider of endpoint protection solutions for enterprises, commenced trading in New York Stock Exchange (NYSE) under the ticker “S”, raising USD 1.2 billion in its initial public offering (IPO) at an implied valuation of more than USD 8.9 billion.

  • Shares of SentinelOne closed their first day of trading at USD 42.50—21% higher than its IPO price of USD 35. The company offered 35 million shares at USD 35 each, with a 30-day underwriter option to purchase an additional 5.25 million shares at the IPO price. In addition to its public offering, the company also said that it will float more than 1.4 million shares at the IPO price in a private placement to existing shareholders.

  • Founded in 2013, SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the AI-based platform “Singularity,” which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), an extended detection and response (XDR) platform, and other tools to monitor endpoint behavior from laptops, mobiles, and internet-of-things (IoT) devices to identify threats.

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