back to article Sophos looks to raise £65m with IPO

Security software outfit Sophos is to imminently float on the London Stock Exchange, a move it estimates will raise $100m (£65m), the company announced today. The Oxford-based biz is thought to be targeting a valuation of £1bn, according to The Sunday Times (subscription required). Richard Holway, analyst at TechMarketView …

  1. anothercynic Silver badge

    Staff numbers in 2014?

    45? Are you sure?

    1. Dan Wilkie

      Re: Staff numbers in 2014?

      Missed a zero there ;)

  2. Anonymous Coward
    Anonymous Coward

    45?

    I mean.. I've been in their building. It's a fair size. Were they just moving people around the building to make it look busy?

  3. Anonymous Coward
    Anonymous Coward

    Surely the recent AutoTrader IPO was bigger? Valuation of £2.35billion, with intention to raise £437 million from the float? Or am I missing something...

    1. Anonymous Coward
      Anonymous Coward

      ...the move will be "the biggest tech IPO in the UK of all time".

  4. Ann16

    interesting...!!!

    "For the year-ended 31 March 2015, Sophos said billings rose by 28 per cent to $476.0 (£309m).

    Turnover rose 10 per cent to £128m for 2014, up from £114m in 2013 — according to its Companies House filing. Staff numbers in 2014 were 45.

    Operating profit fell from £13m to £10m, mainly due to the acquisition of Acquired Cyberoam Technologies in February 2014."

  5. gr00001000

    I'll have me some of that

    Leading AV supplier including ties with Cisco Ironport and a large Firewall product line, its a good good business.

  6. Anonymous Coward
    Anonymous Coward

    Sophos is to imminently float on the London Stock Exchange

    Just like a turd on water.

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