Finance

Darktrace shares surge 43% in London IPO

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A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employee’s work station.

Michael S. Williamson | The Washington Post | Getty Images

LONDON — British cybersecurity start-up Darktrace saw its shares surge as much as 43% in its London debut Friday, as investors looked past Deliveroo’s lackluster listing.

Darktrace priced its shares at 250p Friday morning, valuing the company at £1.7 billion ($2.4 billion).

Darktrace shares started trading in conditional dealings under the ticker “DARK” Friday morning. At about 8:15 a.m. London time, Darktrace shares climbed 43% to more than 358p.

The stock eased to about 343p later in the morning, still up…



Source cnbc.com

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