McAfee Corp. (MCFE) IPO Opens 7% Higher

Today's IPO for McAfee Corp. (NASDAQ: MCFE) opened for trading at $18.60 after pricing 37,000,000 shares of its Class A common stock at a price to the public of $20.00 per share.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers and representatives of the underwriters for the offering. TPG Capital BD, LLC, BofA Securities and Citigroup are also acting as lead book-running managers. RBC Capital Markets, Deutsche Bank Securities, UBS Investment Bank, HSBC and Mizuho Securities are also serving as joint-bookrunning managers for the proposed offering. Evercore ISI, Piper Sandler, Stifel, Academy Securities, Blaylock Van, LLC, C.L. King & Associates, Ramirez & Co., Inc. and Siebert Williams Shank are acting as co-managers for the offering.

McAfee is the device-to-cloud cybersecurity company. Inspired by the power of working together, McAfee creates consumer and business solutions that make the world a safer place.

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