A few weeks ago, a company called Darktrace - put together by computer programmers in London and Cambridge - floated on the London Stock Exchange. It was valued at over £2 billion. It’s a pretty good example of a British tech success - its shares surged by 44 per cent, in stark contrast to Deliveroo, a better-known name, whose flotation saw its shares sink by 26%.
Transferwise, the Shoreditch fintech company disrupting big banks’ stranglehold over international money transfers today shook up the London financial markets with plans for a £7 billion stock market float that cuts out the City’s middlemen. As well as being one of the biggest companies to debut on the stock exchange, the method, known as a direct listing, means far lower fees to stockbrokers running the process.
Darktrace shares have been on the rise this past week. So much so that it was the highest-rising company listed on the London Stock Exchange (LSE). Here’s why Darktrace shares have been so popular with investors and what we might expect from them going forward.
Darktrace has been named Best Security Company at the 2021 SC Europe Awards. The Cambridge-based autonomous cyber security AI company earned the prize in recognition of the strength of its product line, customer support, research and development, innovation and growth. Its cyber AI is now used by more than 5,000 organisations globally, protecting systems and data from attackers by detecting, investigating and responding to cyber threats in real-time.
Darktrace (LSE: DARK) shares are up 40% since the company’s initial public offering (IPO) on 30 April 2021. The British cybersecurity company priced its shares at 250p, valuing the firm at £1.7bn. It was able to raise £165m from the IPO.
The number of artificial intelligence (AI) companies in the UK has rocketed by 600 per cent over in past 10 years, fuelling its progress towards becoming a global AI superpower, research has found. Cambridge-based Darktrace, Bristol’s Graphcore and Nanopore, which is headquartered in Oxford, are among the 1,300 AI companies now based in the UK, compared to just 180 in 2011, according to data from Government-backed start-up network Tech Nation.
AI Enables Proportionate Response to Neutralize Ransomware and Build Resilience CAMBRIDGE, England, May 26, 2021 /PRNewswire/ -- Darktrace, a leading cyber security AI company, today announced that ransomware is the top use case of its market-leading Autonomous Response technology, as organizations face the increased threat of machine-speed attacks.
IPO fever is currently sweeping the UK.In the last few months, the likes of Deliveroo, musicMagpie, Darktrace and Trustpilot have all gone public. With a number of other companies already announcing an intention to go public, it seems London is set for another fantastic round of IPOs.
Darktrace (LSE: DARK) shares made their debut recently through an Initial Public Offering (IPO).The stock listed at an IPO price of 250p and is currently trading at 353p.That’s an investment return of over 40% so far. In December, I highlighted that Darktrace’s flotation was likely to happen.
(This interview has been condensed and edited for clarity.)Darktrace has more than 450 energy and utility organizations as clients.Have you gotten a panicked call from each one of them this week?We have made a point of sort of quietly talking to all of them and making sure that they feel that they’re secured and protected.
Alphawave, the Canadian chip technology designer, slumped on its London debut today.The four-year-old semiconductor firm selected the capital for its IPO over the Nasdaq and priced its shares towards the upper end of its range at 410p - implying a £3.1 billion market value.But by 9am the shares were trading down as much as 15% at around 348.5p, giving it a market cap of around £2.6 billion.
CAMBRIDGE, England, May 10, 2021 /PRNewswire/ -- Darktrace, a leading autonomous cyber security AI company, today announced that it has joined forces with software giant Microsoft.The partnership provides mutual customers with enterprise scale, self-learning AI that detects and autonomously responds to cyber-threats.
Darktrace (LSE:DARK) is a cyber defence company that recently listed on the London Stock Exchange.Founded in 2013, it’s built a stellar reputation.So, is this a good long-term investment or a stock I should avoid?What does Darktrace do?
Last week, British cybersecurity company Darktrace (LSE: DARK) listed on the London Stock Exchange via an Initial Public Offering (IPO).It’s fair to say it was a success.Since listing, the company’s share price has risen from the IPO price of 250p to 340p – a gain of 36%.
The Darktrace (LSE:DARK) IPO saw shares of the cybersecurity firm priced at 250p.Then strong demand during conditional dealing drove the price to 350p.This morning, Darktrace shares hit the London Stock Exchange and currently trade at 344p, valuing the company at around £2.2bn.
It's early days, but the listing seems to be a belated vindication of Sunak’s vision for Tech London.Nick O’Donnell, a partner at the law firm Baker McKenzie, argues this should never really have been in doubt as wider investor concerns over share classes and tech stocks’ lack of profitability are far-fetched in today’s climate.
IPOs have been a hot topic in 2021.The likes of Deliveroo, Kanabo, Coinbase, and Darktrace are just a few worth mentioning over the past couple of months.There are also several potential UK IPOs that could go public later this year.Buying in straight away into a newly listed company isn’t a sure way to make money.
Cyber security firm Darktrace (LSE: DARK) has seen its share price climb 30% since its London flotation on 30 April.I reckon the company — which is now valued at £2.2bn — could be the hottest tech IPO in the UK this year.Darktrace uses artificial intelligence to secure all of a company’s digital operations, including cloud, network, email, and industrial control systems.
Darktrace shares surge by more than 30% after the company floats on London Stock Exchange for first time
Darktrace shares surged by more than 30 per cent after the company floated in London for the first time.Investors piled into the Cambridge-based cyber-security company yesterday lifting the price of its stock from 250p to 330p, and sending its market value up from £1.7billion to £2.2billion.The strong opening, under the ticker 'DARK', was a huge boost for London's technology sector, and a sign that investors had put the disastrous Deliveroo IPO flop behind them.