Cybersecurity company SentinelOne S, -1.96% set terms for its initial public offering on Monday with plans to offer 32 million shares, priced at $31 to $32 each. The company has applied to list on the New York Stock Exchange, under the ticker “S.” There are 15 banks underwriting the deal, led by Morgan Stanley and Goldman Sachs. Proceeds will be used for working capital and other general corporate purposes. “Cyberattacks have become the output of military-grade, highly resourced, and automated nation-state and cybercrime operations,” the company says in its filing documents. “We envisioned a revolutionary data and artificial intelligence, or AI, paradigm where technology alone could autonomously prevent, detect, and respond to cyberattacks. It is time to fight machine with machine.”
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