- Cybersecurity firm McAfee Corp MCFE priced 20 million shares offered by its selling shareholders at $22.50 per share to raise $450 million in a secondary equity offering.
- The offer price implies a 9% discount to McAfee's September 8 closing price of $24.72. McAfee will not receive any proceeds from the sale.
- The underwriters have a 30-day option to purchase up to an additional 3 million shares.
- The stock has gained 63.2% year-to-date.
- Price Action: MCFE shares traded lower by 6.86% at $21.72 in the market session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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