EC News DeskSentinelOne became a publicly traded company on the New York Stock Exchange under the ticker symbol “S”. This marks an exciting new chapter in the XDR market leader’s journey and positions the company for continued growth and long-term success.
On June 30th 2021, the cybersecurity firm announced the pricing of its initial public offering of 35,000,000 shares of its Class A common stock at a public offering price of $35.00 per share. The shares have begun trading on the New York Stock Exchange on June 30, 2021, under the ticker symbol “S.” The offering is expected to close on July 2, 2021, subject to the satisfaction of customary closing conditions. Experts have called this IPO the highest-valued cybersecurity IPO ever.
This IPO is validation of the innovation and investment SentinelOne has made to pioneer the use of behavioral AI and harness the power of data to help customers autonomously prevent and remediate attacks, lessening the load for humans and providing capabilities not possible from other cybersecurity products on the market.
Tomer Weingarten, the CEO and Co-founder of SentinelOne, said “As we embark on this new journey, I want to make a commitment to our customers, employees and partners that our core values will not change. We will stay true to the core tenets that guide us in serving our customers and protecting the world’s most important data and infrastructure.”
People’s most sensitive data lives on computing devices and in the cloud, making cyberattacks one of the biggest threats to society. SentinelOne pledge’s to place integrity first and to foster a culture of equality, diversity, and inclusion. “We protect all data, we serve all people. We strive for truth, honesty, and transparency in all dealings with our customers, employees, shareholders, partners, and society at large”, said Weingarten.
The world is full of criminals, state actors, and other hostile agents who seek to exfiltrate and exploit data to disrupt our way of life. SentinelOne’s mission is to keep the world running by protecting and securing the core pillars of modern infrastructure: data and the systems that store, process, and share information. This is an endless mission as attackers evolve rapidly in their quest to disrupt operations, breach data, turn profit, and inflict damage.
Tomer Weingarten, CEO and co-founder of the autonomous cybersecurity firm said, “We believe that the world is and will be a safer place because of SentinelOne. Today is the beginning of the rest of the story to win the cybersecurity battle and keep our customers safe”.
