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McAfee Considering Going Public Again

McAfee, a 32-year-old cybersecurity company that was taken private in 2016, is mulling an IPO this year in which it aims to raise at least $1 billion, The Wall Street Journal reported.

This shows how private equity firms such as TPG, which owns 51% of McAfee, are looking to take advantage of a favorable IPO market for software and cybersecurity companies. Shares of CrowdStrike, a cybersecurity startup led by former McAfee CTO George Kurtz, more than doubled in their public market debut last month. 

McAfee’s IPO plans may also stem from the difficulties the company encountered during its seven years as a subsidiary of Intel, which acquired McAfee in 2010 for $7.7 billion. During that time, McAfee lost market share and saw much of its top talent depart. With a potential IPO looming, one question is whether the “new” McAfee can become a popular destination for security engineers and researchers. 

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