McAfee Corp. introduced Wednesday evening its preliminary public providing shall be priced at $20 a share, to lift round $740 million.
That’s on the decrease finish of its projected worth vary of $19 to $22 a share.
The safety software program firm will provide 37 million shares of frequent inventory, with about 31 million supplied by McAfee and 6 million supplied by current stockholders.
McAfee is scheduled to start buying and selling Thursday on the Nasdaq beneath the ticker image “MCFE.”
Underwriters embrace Morgan Stanley, Goldman Sachs, TPG Capital, BofA Securities and Citigroup.
The corporate was purchased greater than a decade in the past by Intel Corp.
however a majority stake was bought in 2016 to non-public fairness agency TPG. Thoma Bravo took a minority stake in 2017. After the IPO, TPG, Thoma Bravo and Intel will management about 82.2% of the voting energy.