Benzinga | Jun 30, 2021 09:13AM EDT

SentinelOne Prices Upsized IPO At $35 Per Share; Trading Begins Today

* Cybersecurity firm SentinelOne Inc (NYSE:S) priced 35 million shares at $35 per share in its upsized initial public offering.

* The estimated gross proceeds are $1.225 billion.

* The billionaire investor Daniel Loeb's hedge fund, a Third Point-backed firm, previously planned to raise $1.02 billion from the sale of 32 million shares at $31 - $32 per share.

* The shares are likely to begin trading on the NYSE today under the ticker symbol "S."

* The underwriters have a 30-day option to purchase additional shares up to 5.25 million.

* SentinelOne announced the parallel sale of 1.4 million shares to certain of its existing stockholders in a private placement.