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LinkBack | Thread Tools |
11-07-2007, 01:21 PM
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Moderator/ Rangemaster TSF Academy; Analyst, Security Team; Oor Wullie; TSF Surgeon and Resident Comic
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Sophos to go for brave IPO
Despite instability in global markets, UK security vendor Sophos is to press ahead with plans to float itself on the London Stock Exchange.
A timescale, price and prospectus have yet to be made public, but the company has boasted of its track record as one of the most prominent security software outfits, with reported billings for 2006-2007 of $167 million. The intention to float has been one of the industry’s worst-kept secrets in recent months, with speculation putting the value of the company at around £400 million ($800 million). The rationale is simple, even if the timing is brave. http://www.techworld.com/security/ne...S&NewsID=10577
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