The company announced that it confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities Exchange Commission (SEC) for the proposed initial public offering (IPO) of its securities in the United States.
The timing, size and price range for the proposed offering have yet to be determined. The initial public offering is subject to SEC and other regulatory review processes, as well as market and other conditions.
“Bitdefender Holding BV has confidentially filed a draft Form F-1 registration statement with the US Capital Markets Authority (SEC) for a future initial public offering (IPO) in the United States,” the company announced.
Bitdefender hired investment banks JP Morgan and Morgan Stanley to help it with the launch of an IPO on the US market, local media announced over the weekend.
The IPO would envisage a valuation of nearly USD2 billion for the Romanian company, according to sources familiar with the deal quoted by Ziarul Financiar daily.