McAfee seeks $2bn return to stock market after Intel unpleasantness

Sep 29, 2020 08:00 am Cyber Security 208

Security software outfit McAfee has filed to return to the stock market.

McAfee has been there before: when Intel bought the company in 2010 it was listed on the New York Stock Exchange. This time around it’s looking for a NASDAQ listing and its registration statement says is part of a plan hatched back in 2017 when it was spun out after an unhappy time being owned by Intel.

The filing says McAfee plans to issue $100m of shares and dangles the following number before would-be investors:

Net revenue of $2,635 million in fiscal 2019 and $1,401 million in the 26 weeks ended June 27, 2020

Net loss was $236 million in fiscal 2019 and net income was $31 million in the 26 weeks ended June 27, 2020

Net loss margin was 9.0% in fiscal 2019 and net income margin was 2.2% in ..

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