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November 08, 2007
VC-Backed PC Security Software Company Sophos To Float in London
Sophos, a UK-based anti-virus and security software company, is planning to IPO on the London Stock Exchange, possibly before the end of the year, according to Reuters.
We balked at filling out the form on its website to read the announcement, so turned to FT Alphaville blog instead. It said the float is expected to raise about £100M and that Sophos could get a valuation of between £300M and £500M.
If Sophos goes out within that reported range, then it would be a robust valuation for a software company that is doing $167M in turnover in a category that does not lack for competition.
Its current VC backer is TA Associates.
Read - FT Alphaville » Sophos could raise £100m via float
Read - Hemscott report on Sophos
Posted on November 8, 2007 11:14 AM | Posted to News And Updates | Permalink
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