McAfee Corp. (MCFE) Prices 20M Shares at $22.50

McAfee Corp. (NASDAQ: MCFE) today announced the pricing of its underwritten public offering of 20,000,000 shares of its Class A common stock to the public, with all shares being offered by certain selling stockholders at a public offering price of $22.50 per share.

The offering is expected to close on September 14, 2021, subject to the satisfaction of customary closing conditions.

The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from the Selling Stockholders at the public offering price, less underwriting discounts and commissions. McAfee will not receive any proceeds from any sale of shares being sold by the Selling Stockholders.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers and representatives of the underwriters for the offering. TPG Capital BD, LLC is also acting as lead book-running manager. BofA Securities, Citigroup, Deutsche Bank Securities, HSBC, Mizuho Securities, RBC Capital Markets, UBS Investment Bank and Barclays Capital Inc. are acting as joint bookrunners. Piper Sandler, Stifel, Academy Securities, Blaylock Van, LLC, C.L. King & Associates, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the offering.

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