Several investors in cybersecurity firm Darktrace PLC (LSE:DARK) have offloaded around 23.1mln shares in the group for a tidy profit following a strong performance in the shares following its initial public offering (IPO) in April.
On Friday, broker Jefferies said it had acted as joint bookrunner for a secondary placing of the shares, which were sold by a consortium comprised of KKR Dark Aggregator, Summit DT CLN Holdings 4, Hoxton Ventures Fund I Opportunities III and Balderton Capital SFI.
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The shares were sold at 620p each, resulting in total proceeds of about £143.5mln. The selling price is also a whopping 148% premium on the IPO price of 250p per share. The sale means the consortium of sellers have netted a profit of around £85.7mln
While the shares had initially been subject to lock-up arrangements agreed at the time of the IPO, Jefferies said the coordinators had agreed to waive the lock-up with respect to the sold shares.
Shares in Darktrace slipped 6.5% to 640.5p in mid-morning trading but were still a 3.3% premium on the sale price.