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Report: McAfee taps underwriters for potential IPO

McAfee LLC has tapped underwriters in preparation for an IPO that could take place in the autumn, Bloomberg News reported, citing sources familiar with the matter.

The U.S. cybersecurity software company is reportedly working with Morgan Stanley, Bank of America Corp. and a full banking syndicate for the potential listing, which could value McAfee at at least $8 billion. A final decision is yet to be made.

McAfee is 51% owned by private equity firm TPG Capital Management LP, with Thoma Bravo LLC and Intel Corp. as minority investors.