Israeli-founded cybersecurity company SentinelOne is preparing for an initial public offering at a value of around $10 billion. According to a report by Bloomberg, the offering could happen this year, although the company’s plans are in the early stages and the valuation and timing could still change. SentinelOne didn't respond to the report.
Should the IPO go ahead as reported, it would be the largest ever by an Israeli-founded cybersecurity company, with SentinelOne having been founded in 2013 by Tomer Weingarten and Almog Cohen. Many Israeli companies have accelerated their preparations for going public over recent months, whether via an IPO or a SPAC, hoping to take advantage of the surging market which is gifting tech companies massive valuations.