|Bid||53.47 x 1300|
|Ask||53.48 x 1000|
|Day's Range||53.07 - 53.84|
|52 Week Range||43.63 - 69.29|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||9.87|
|Forward Dividend & Yield||1.32 (2.47%)|
|Ex-Dividend Date||Nov 05, 2020|
|1y Target Est||N/A|
Although Intel is likely to post an earnings decline, its stock might see an upturn given that the stay-at-home trend has bolstered the demand for gaming chips and data center business.
McAfee ended up raising $740 million in its second trip to the public equity markets. McAfee will trade later Thursday on the Nasdaq market, under the ticker MCFE. Eighteen underwriters are listed as working on the deal, including Morgan Stanley, Goldman Sachs, TPG Capital, Bank of America Securities, and Citigroup.
(Bloomberg) -- McAfee Corp. and its shareholders raised $740 million in an initial public offering priced within a targeted range as the cybersecurity software provider returns to the stock market.The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.McAfee is valued in the IPO at about $8.6 billion based on the outstanding shares listed in its prospectus.The company, based in San Jose, California, was acquired by Intel Corp. in a 2010 deal. In 2016, Intel announced that it had signed an agreement to transfer a 51% stake in McAfee to the investment firm TPG for $1.1 billion. The transaction valued the spun-off company at $4.2 billion, including debt.Current backers listed in McAfee’s prospectus include TPG, Intel, Singapore’s sovereign wealth fund GIC Pte and the private equity firm Thoma Bravo.Loss to ProfitFor the 26 weeks ended June 27, McAfee had net income of $31 million on revenue of $1.4 billion, according to its filings. That compared with a loss of $146 million on revenue of $1.3 billion for the comparable period last year.The offering is being led by Morgan Stanley, Goldman Sachs Group Inc., TPG Capital BD, Bank of America Corp. and Citigroup Inc. McAfee’s shares are expected to begin trading Thursday on the Nasdaq Global Select market under the symbol MCFE.The company was founded in 1987 by John McAfee. Since selling to Intel, McAfee has gone through a series of personal legal challenges.He was a person of interest in a 2012 murder in Belize, though not charged with a crime. Last year, he was detained in the Dominican Republic for entering the country with a cache of firearms and ammunition.The firearms charges were announced just hours after the U.S. Securities and Exchange Commission sued McAfee for promoting the sale of cryptocurrencies without disclosing that he was being paid to do so. This month, he was arrested on tax-evasion charges for allegedly failing to report that income.(Updates with revenue and income in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.