McAfee Plans $814 M IPO – Reports

McAfee Corp, a company specialized in antivirus and cybersecurity solutions is planning to raise up to $814 million through an initial public offering (IPO) in the United States, Reuters reported.

Around 31 million shares are expected to be sold, while the selling stockholders are set to offer about 6 million shares, with a targeted price range of $19-$22 per share

This means the company is valued at around $9.5 billion.