July 31, 2021
Markets

Daniel Loeb-backed SentinelOne valued at $11.7 bln as shares jump in debut

June 30 (Reuters) – SentinelOne Inc, a cybersecurity firm backed by billionaire investor Daniel Loeb’s hedge fund Third Point, notched a market capitalization of more than $11.7 billion in its U.S. stock market debut on Wednesday, as its share price jumped more than 31%.

Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri

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