McAfee is planning a return to Wall Street as 2019's IPO frenzy continues
- McAfee is readying an IPO that could come as soon as this year.
- The company's return to public markets could raise at least $1 billion, according to a Wall Street Journal report.
- The company would add to this year's above-average number of tech IPOs.
- Founder John McAfee made headlines in 2012 after avoiding police questioning in connection to the suspected murder of his neighbor.
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McAfee is preparing a return to the public market after boosting cash flows under CEO Chris Young, according to the Wall Street Journal.The company's owners are meeting with bankers this week to consider an initial public offering as early as this year. The IPO could raise at least $1 billion and value McAfee at more than $5 billion, the WSJ said.
McAfee first went public in 1999 and remained on markets until Intel bought it in 2011 for $7.5 billion. The cybersecurity-software giant was valued at $2.15 when private-equity firm TPG took a 51% stake in 2016.The company is named after its founder, John McAfee, and a return to Wall Street may remind some of the headlines he made in 2012.After leaving the company in 1994 to move to Belize, McAfee fled to Guatemala to avoid law enforcement looking to question him regarding the suspected murder of his neighbor. The company's founder maintained his innocence and was deported to the US, with Belize declining to ask for his extradition.
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