Entrepreneur finally loses his battle to be tried in the UK
With $114 billion in assets, Chicago-based Thoma Bravo is one of the world's most active investors in cybersecurity firms
Lynch still protests his innocence despite mounting evidence to the contrary
Mr Lynch and his finance director used a variety of tactics that artificially inflated reported sales, the London High Court said in its ruling
ShadowFall says Darktrace’s business is driven by “an aggressive, promotional, sales focus” and is unlikely to stand the test of time
The firm's shares plunged as much as 27 per cent last week after an analyst note the firm was worth only half its last closing value of £6.6 billion
The IPO is likely to value the cyber security firm at £2.5-3 billion
Lynch who faces extradition to the US, owns about 40 per cent of the UK cybersecurity company valued at £4 billion
Lynch and HPE have also been waiting for a judgement in the civil fraud case following a 10-month-long trial
Lynch’s lawyers said the British tech entrepreneur will continue to fight the fraud allegations against him