McAfee Sets Terms of IPO, Hoping to Raise up to $682 Million

McAfee Corp., the cybersecurity company founded by tech eccentric John McAfee, has set the terms for its initial public offering, hoping to raise as much as $682 million in a deal that could value the company at $3.64 billion.

McAfee, based in San Jose, plans to sell 37 million shares at a price of $19 to $22 each. The stock will trade on Nasdaq, with the ticker symbol MCFE, the company said in an SEC filing.

Of the 37 million shares, 30,982,558 will come from the company and 6,017,442 from existing stockholders. McAfee expects to have 165.44 million Class A shares outstanding after the IPO.

In the six months through June 27, McAfee posted profit of $31 million, swinging from a loss of $146 million in the year-earlier period. Revenue rose 9% to $1.4 billion from $1.29 billion.

John McAfee founded McAfee Associates in 1987 and ran it until 1994,

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Eargo Proposes Terms For $100 Million IPO

Eargo (EAR) aims to raise $100 million in an IPO of its common stock, according to an S-1 registration statement.

San Jose, California-based Eargo was founded to develop modern hearing aid products that can be worn in the ear in a virtually invisible manner, reducing the stigma of hearing loss treatments.

Management is headed by president and CEO Christian Gormsen, who has been with the firm since 2014 and was previously at GN Group, an intelligent audio solutions company.

Below is a brief video of Eargo’s product commercial:

Source: Eargo

The company’s primary offering is its Neo HiFi in ear hearing aid.

Eargo has received at least $153 million from investors including New Enterprise Associates, Maveron, Future Fund, Pivotal Alpha, Cooperative Glide Healthcare, Longitude Venture Partners and The Charles and Helen Schwab Living Trust.

The company markets its hearing aid directly to consumers via online and offline media and a

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fuboTV Prepares Terms For $150 Million IPO

fuboTV (FUBO) intends to raise $150 million from the sale of its common stock in an IPO, according to an amended registration statement.

New York, NY-based fuboTV was founded to offer a combination subscription and advertising revenue platform to stream mostly sports events to user devices such as SmartTVs, mobile phones and other computing devices.

In 2019, pre-acquisition, fuboTV generated a monthly ARPU of $54, which represented an increase of 42% over the previous year.

Management is headed by Chief Executive Officer Mr. David Gandler, who has been with the firm since April 2020 and was previously president and CEO of fuboTV and Vice President Ad Sales at DramaFever, a video streaming service.

Below is a brief overview video of a consumer review of fuboTV:

Source: Home Theater Hobbyist

The company’s primary offerings include:

  • Live television for sports events
  • Over 700 channel access to local TV
  • Other streaming providers such
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Trump says he has given his ‘blessing’ to TikTok deal but that final terms are still being negotiated

“I can say that I have given the deal my blessing,” Trump told reporters before departing for North Carolina. “If they get it done, that’s great. If they don’t, that’s okay, too.”

Trump later added that he had “approved the deal in concept.”

The deal would give Oracle oversight of TikTok’s U.S. user data to satisfy government national security concerns stemming from TikTok’s Chinese parent company, ByteDance. But the deal is a big step back from the full sale of the app that Trump was initially pushing.

ByteDance would be likely to keep a big stake in a newly created TikTok entity, but U.S. firms including Oracle and Walmart would also invest. The deal would create a new TikTok Global entity that would be headquartered in the United States.

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and

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