The cyber security firm Sophos, today announced plans to IPO on the London Stock Exchange in early July where it will join the FTSE250.
The Oxford-based company is being floated by its private equity owner, Apax, which paid £372m for a 70 per cent stake in Sophos five years ago. Sophos is planning to raise £100m from a float that could value the business at £1bn.
The whole of the UK tech industry will benefit as a result. Read more.