Online security provider McAfee is the latest technology company to file for a U.S. initial public offering.
The company, carved out of chip giant Intel four years ago following an earlier acquisition, is filing amid a busy period for public market debuts, with at least two multibillion-dollar direct offerings on tap for this week. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Subscribe to the Crunchbase Daily
Its IPO filing shows a pattern of growth, with revenue jumping 9.4 percent to $2.64 billion in the year ended in December 2019, while net loss narrowed to $236 million from $512 million during the same period.
The private equity firm TPG acquired a majority stake in McAfee from Intel in 2016 in a deal which valued the company at $4.2 billion, including debt.
Illustration: Dom Guzman
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
![Illustration of toast with $ toasted in. [Dom Guzman]](https://news.crunchbase.com/wp-content/uploads/Forecast-dollar-sign-470x352.jpg)
67.1K Followers