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McAfee prices IPO at $20 a share
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McAfee is set to go public Thursday.
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McAfee Corp. announced Wednesday night its initial public offering will be priced at $20 a share, to raise around $740 million.
That’s on the lower end of its projected price range of $19 to $22 a share.
McAfee is scheduled to begin trading Thursday on the Nasdaq under the ticker symbol “MCFE.”
Read: McAfee IPO: 5 things to know about the security-software company
Underwriters include Morgan Stanley, Goldman Sachs, TPG Capital, BofA Securities and Citigroup.
The company was bought more than a decade ago by Intel Corp.
INTC,
but a majority stake was sold in 2016 to private equity firm TPG. Thoma Bravo took a minority stake in 2017. After the IPO, TPG, Thoma Bravo and Intel will control about 82.2% of the voting power.
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