Darktrace stockmarket flotation backer withdraws over Mike Lynch connection

John Leonard
clock • 2 min read

Lynch who faces extradition to the US, owns about 40 per cent of the UK cybersecurity company valued at £4 billion

A planned stock market flotation for UK-based Darktrace, which produces AI-enhanced cybersecurity solutions, is in doubt because of the company's associations with Mike Lynch, former CEO of Autonom...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Mike Lynch extradited to US to face fraud charges

Legislation and Regulation

Entrepreneur finally loses his battle to be tried in the UK

clock 12 May 2023 • 2 min read
Darktrace announces stock buyback as short-sellers circle

Finance and Reporting

Plans to buy back up to 35 million shares as finance firms QCM and Marshall Wace bet against it

clock 01 February 2023 • 2 min read
Darktrace shares drop 14% as worsening economy hits cyber sector

Corporate

Cambridge-based AI security company reduces forecasts and loses £300 million in market value

clock 12 January 2023 • 2 min read

More on Mergers and Acquisitions

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

The regulator is currently scrutinising whether the acquisition might negatively impact competition

clock 12 February 2024 • 3 min read
HPE to buy Juniper Networks for $14bn

HPE to buy Juniper Networks for $14bn

Juniper's stock jumped 22% on the news

Gina Narcisi
clock 09 January 2024 • 2 min read
SonicWall snaps up zero-trust firm Banyan

SonicWall snaps up zero-trust firm Banyan

Second acquisition for SonicWall in two months

Kyle Alspach
clock 03 January 2024 • 1 min read