Mike Lynch-backed Darktrace to file for London IPO in aftermath of Deliveroo flop

British AI-powered infosec biz Darktrace is to go public in England’s capital city, the company told the London Stock Exchange this morning. Sky News reported last night that chief exec Poppy Gustafsson is expected to make around £20m from the initial public offering, with shares trading on Darktrace expected to open “at around the end of this month.” A filing lodged with the London Stock Exchange and published on its website stated that Darktrace’s revenues were $199.1m in fiscal year 2020 with a claimed compound annual growth rate (CAGR) of 58.3 per cent between 2018 and 2020.

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