IPO SentinelOne

SentinelOne is a platform for the protection against cyber attacks. The company serves 4,700 customers globally, including three companies from the Fortune Top 10 list and 37 companies from the Fortune Global 500 list. Estimated allotment is up to 10%. The risk is medium. Estimated return on investment is medium, up to 80% per annum. You can apply for this investment until June 29th, 12:00, UTC +3.

With the companies' transition to remote work, the problem of cyber attacks has become more acute — each device the employees use to access company systems has potential risks. SentinelOne has launched a platform based on next-generation antivirus software — it ensures the cloud protection of the daily workload.

The company operates in the market of endpoint security, cybersecurity analytics and IT operations management. These markets combined are expected to grow by 11,9% annually and by 2024 will approximate $40.2 billion.

During the IPO, SentinelOne (S) plans to allocate 32 million shares priced between $31–32. Its value at the IPO will approximate $8.1 billion. The P/S indicator for the IPO is 48x. The company's public competitor, CrowdStrike, is trading at P/S 56x. The companies have comparable gross margins, but SentinelOne's revenue is growing 30% faster.