Sophos LSE IPO

Overview:

• Sophos has launched an IPO on the LSE with intent to raise £65 million.
• The deal values the company at over a £1 billion.
• The Oxfordshire based company offers cybersecurity services and is majority owned by private equity house Apax Partners.
• The proceeds of the offering will be used to pay down net debt.
• The deal represents the third time the company has tried to take shares to market following attempts in 2007 and 2009.

Sam Duke - Editor