British cybersecurity firm’s market value driven up from £1.7bn to almost £2.4bn
Shares in Darktrace have surged after the British cybersecurity firm made its debut on the London Stock Exchange.
The Cambridge-based company began conditional trading on Friday at 250p a share, with enthusiastic investors immediately pushing up its stock by 40% to 350p a share, and sending its market value up from £1.7bn to almost £2.4bn. The 250p float price was at a lower level than originally intended, in part to avoid a repeat of Deliveroo’s opening-day flop last month.
