Sophos announces plans to float

Listing on London Stock Exchange expected soon.

The long-anticipated floatation of Sophos, one of the biggest privately owned security firms, has been announced this week, with the firm planning to list on the London Stock Exchange.

The company, which was set up in 1985 and released its first virus scanner in 1989, is currently jointly owned by its founders and venture capital firm TA Associates. It has offices in 13 countries and claims over 100 million users worldwide, focusing on the corporate market space with no home-user products. Market analysts have predicted the deal could raise £100 million ($200 million US), and value the business at between £300m and £500m.

More information on the floatation plans are at the Financial Times website FT.com, here, with a detailed announcement from Sophos here (access restricted to nationals of some countries for legal reasons).

08 November 2007

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