Connect with us

Business

McAfee Stock Falls Below $20 IPO Price in Trading Debut – Barron’s

Published

on

post featured image
ADVERTISEMENT

McAfees
second trip to the public equity markets didnt continue the recent success of technology IPOs. Shares of the cybersecurity company hit a high of $19.50 Thursday, below its $20 IPO price, and dropped. The stock opened at $18.60 and recently changed hands at $18.49, down 7.6%. McAfee shares (ticker: MCFE) have yet to trade above their $20 IPO price, making the offering a broken deal.The dismal performance comes after McAfee raised $740 million late Wednesday. The company sold 37 million Class…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Biggest Black Friday vacuum deals: Discounts on Dyson, Shark, Bissell, Hoover, Neato and more – CNET
post featured image
Best Black Friday router deals: Upgrade to mesh or Wi-Fi 6 at a holiday discount – CNET
post featured image
Bitcoin price plunges over 10% to stage Thanksgiving correction – MarketWatch