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For the first time in a decade, antivirus software pioneer McAfee Corp. will be a publicly-traded company again sometime today. Yesterday, its shares priced at $20 apiece, at the low end of its projected range.

The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.

We’re sure there are good, fundamental reasons for this: While McAfee posted a profit for the first half of the year as compared to a $146 million loss in the first half of last year, its net income was just $31 million over that period on $1.4 billion in revenue, the latter number itself up a smidge from the year-earlier period. Still, we’re sure McAfee would have preferred not to go public while its namesake—who, in fairness, has had nothing to do with the company in more than 25 years—sits in a Spanish jail cell awaiting extradition to the U.S. on charges of tax evasion vis-à-vis his cryptocurrency ventures, especially since such things tend to bring back to the surface all sorts of other unsavory things.

He was a person of interest in a 2012 murder in Belize, though not charged with a crime. Last year, he was detained in the Dominican Republic for entering the country with a cache of firearms and ammunition./The firearms charges were announced just hours after the U.S. Securities and Exchange Commission sued McAfee for promoting the sale of cryptocurrencies without disclosing that he was being paid to do so.

McAfee’s IPO Raises $740 Million in Return to Public Market [Bloomberg]
McAfee prices IPO at $20 a share [MarketWatch]


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