McAfee (MCFE) files for an IPO to list on the Nasdaq under the “MCFE”. The number of shares weren’t disclosed and McAfee listed the $100M placeholder figure, which tends to mean the IPO seeks to raise in the lower nine-digit range.

Financials: FY19 included $2.64B in net revenue with a $236M net loss and $799M adjusted EBITDA. For the 26-weeks ending June 27, 2020, McAfee had $1.4B in net revenue, a $31M net loss, and $507M adjusted EBITDA.

McAfee plans to fill in Consumer and Enterprise financial metrics in a future amended filing.

As of the end of June, McAfee counted 86% of the Fortune 100, 78% of the Fortune 500, and over 61% of the Global 2000 among its client base.

McAfee was acquired by Intel (NASDAQ:INTC) in 2011 for about $7.7B. TPG stepped in to purchase a 51% stake in 2016, and PE firm Thoma Bravo picked up a minority share in 2017.

McAfee was rumored to go public in 2019 but the listing didn’t happen, possibly due to the market concerns about high IPO valuations.


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