London Stock Exchange welcomes Darktrace to the Premium Segment of the Main Market

Darktrace plc, the UK-based, leading autonomous cyber security AI company, has today reached a major milestone in its trajectory of rapid growth as it is admitted to the Premium Listing Segment of the Official List. It is trading on the Main Market of London Stock Exchange, having raised gross proceeds of £165m via a global share offer.  At the placing price of 250p per share, the company has a market capitalisation of £1.7 billion. Darktrace’s ticker is DARK.L.

Founded in 2013 by cyber experts and mathematicians in Cambridge, Darktrace is a pioneering software engineering company and a world leading provider of AI for the enterprise, with the first at-scale application of AI in cyber security. It is the creator of autonomous response technology and its platform uses machine learning and AI algorithms to detect and respond to cyber threats across diverse digital estates, including the cloud and networks, IoT and industrial control systems.

With deep expertise in mathematics and machine learning, as well as operational experience defending critical organisational assets, Darktrace seeks to empower organisations to defend their systems against the most sophisticated cyber threats.

Today, Darktrace protects the critical data and digital systems of over 4,700 organisations across all industry sectors, in over 100 countries - from manufacturers and media companies through to energy providers and educational institutions. Its Autonomous Cyber AI interrupts an emerging cyber-threat every second. 

Daktrace plans to use the proceeds from the IPO to invest further in its R&D centre in Cambridge, which will allow it to evolve its product offering for customers and to explore parallel applications for its AI technology in adjacent fields. The company is aiming to grow its presence in existing markets and to expand its geographical footprint. 

Poppy Gustafsson, Chief Executive of Darktrace, said: “This is a momentous day for Darktrace and for the UK’s unparalleled science and technology sector. Listing on London Stock Exchange marks an important step in our company’s growth story and we are excited to begin life as a publicly-listed company. 

“Our mission has always been to apply fundamental technology to the universal challenge of cyber security and we would not have got to this point without the determination and dedication of our talented employee base, as well as the continuing loyalty and feedback from our customers. As we look to the future, we are eager to build on our AI technology and to accelerate its deployment in existing and new markets worldwide.”

Advisors

Jefferies International Limited was Sponsor, Joint Global Co-ordinator and Joint Bookrunner.

Joh. Berenberg, Gossler & Co. KG, London Branch and KKR Capital Markets Partners LLP were Joint Global Co-ordinators and Joint Bookrunners.

Needham & Company, LLC and Piper Sandler & Co. were Joint Bookrunners.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
2,546.35
Listing/Admission to trading
30 Apr 2021
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