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

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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…

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