SentinelOne stock bolts out of gate on first day, trades about 25% above IPO price

Dow Jones2021-07-01

MW SentinelOne stock bolts out of gate on first day, trades about 25% above IPO price

By Wallace Witkowski

IPO prices at $35, opens at $46

SentinelOne Inc.'s stock bolted out of the gate Wednesday after the cybersecurity company priced shares of its initial public offering above its previously estimated range.

Shares of SentinelOne started trading on New York Stock Exchange at 12:24 p.m. Eastern Wednesday, opening at $46, or 31% above their IPO price. The stock soon touched an intraday high of $46.50 and was last 25% above their IPO price at $43.90.

Late Tuesday, Mountain View, Calif.-based SentinelOne priced shares at $35 apiece, when as recently as Monday , the company had estimated a price range of $31 to $32.

With SentinelOne offering 32 million shares, with an additional 4.8 million for underwriters to cover overallotments, it stands to raise up to $1.29 billion. Wednesday's share activity pushed SentinelOne's valuation well past $10 billion.

Stockholders who own 5% or more of shares include Insight Venture Partners, Tiger Global, Third Point Ventures, Redpoint Ventures, Data Collective, and Anchorage Capital. Prior to the IPO, SentinelOne had raised $696.5 million in funding rounds, according to Crunchbase.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

June 30, 2021 12:58 ET (16:58 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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开开心心好心情的兄弟
2021-07-01
开开心心好心情的兄弟
Buy now please I beg u all please help us push it to 50 dollars. We can do it together please help I need the money

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