IPO for Dan Loeb-Backed SentinelOne (S) Opens 31% Higher

Today's IPO for cybersecurity firm SentinelOne (NYSE: S) opened for trading at $46 after pricing 35,000,000 shares of its Class A common stock at a public offering price of $35.00 per share.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers and representatives of the underwriters for the offering. BofA Securities, Barclays, and Wells Fargo Securities are acting as active book-running managers for the offering. UBS Investment Bank, Jefferies LLC, and Deutsche Bank Securities Inc. are acting as additional book-running managers for the offering. Piper Sandler, BTIG, Cowen, Needham & Company, LLC, Loop Capital Markets LLC, Drexel Hamilton, and R. Seelaus & Co., LLC are acting as co-managers for the offering.

SentinelOne’s cybersecurity solutions encompass AI-powered prevention, detection, response and hunting across endpoints, containers, cloud workloads, and IoT devices in a single autonomous XDR platform.

SentinelOne is backed by billionaire investor Daniel Loeb's hedge fund Third Point LLC.

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