• Global Co-ordinators and Bookrunners – Jefferies, Berenberg & KKR Capital Markets
• Law Firm – Latham & Watkins
Darktrace, the UK cyber-security firm, launched on the London Stock Exchange on 30th April 2021 at a share price of 250p, giving the company a valuation of £1.7 billion. The company's shares quickly rose to more than 358p, a 43% increase on the original IPO price.
This successful launch of Darktrace has significantly boosted confidence in the City of London as the place to list fast-growth tech stocks and given the market a welcome lift after the lacklustre performance of the Deliveroo IPO in March.
Chief Executive, Poppy Gustafsson, commented that London was the natural choice for Darktrace:
“Our company is deeply rooted in the UK’s tradition of scientific and mathematic research, so we are especially proud to be listing on the London Stock Exchange. This milestone marks an exciting day for Darktrace and a historic day for the UK’s thriving technology sector.”
The roles Sterling performed in the success of the Darktrace IPO
Sterling provided financial print services for the production of the Darktrace IPO documents, while Sterling’s virtual data room platform was employed for secure and confidential data sharing across the entire global advisory group in advance of Darktrace’s listing on the London stock market.
Richard Eaton, General Counsel at Darktrace, praised Sterling’s dual role during this landmark IPO project: “It’s reassuring to know that you can employ the experienced team at Sterling to help in the fulfilment of such an important and complex exercise. Their personnel always rise to the challenge and have an unflappable approach to meeting deadlines with both professional diligence and personal goodwill.”
Sterling has been at the forefront of financial print for over 30 years and at the heart of secure information sharing since 2010 with our award-winning Virtual Data Rooms. We’re here to help our clients every step of the way.
Get in touch when you need our IPO services:
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