SentinelOne has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. SentinelOne has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “S.”
“We also expect our operating expenses to increase in the future as we continue to invest for our future growth, including expanding our research and development function to drive further development of our platform, expanding our sales and marketing activities, developing the functionality to expand into adjacent markets, and reaching customers in new geographic locations,” SentinelOne wrote in its filing.
SentinelOne raised $276 million in a funding round in November last year, tripling its $1 billion valuation from February 2020 to $3 billion.
Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers and representatives of the underwriters for the proposed offering. BofA Securities, Barclays Capital Inc., and Wells Fargo Securities will act as active book-running managers for the proposed offering. UBS Investment Bank, Jefferies LLC, and Deutsche Bank Securities Inc. will act as passive book-running managers for the proposed offering. Piper Sandler, BTIG, Cowen, Needham & Company, LLC, Loop Capital Markets LLC, Drexel Hamilton, and R. Seelaus & Co., LLC will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC.
A registration statement relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.