Cybersecurity start-up Darktrace plans to go public in London despite Deliveroos IPO flop
Summary
A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employees work station. Darktrace, founded in 2013 by a group of former intelligence experts and mathematicians, said it intends to float at least 20% of issued share capital in an initial public offering on the London Stock Exchanges premium market. "We are proud to be part of that tradition of British innovation, as the U.K. becomes a leading global centre for the development of AI," she added. Darktraces IPO announcement comes despite concerns over the lackluster market debut of Deliveroo, the Amazon-backed food delivery company. Deliveroo shares plunged as much as 30% on their first day of trading, making it one of the worst London IPOs for a large company.
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