Cybersecurity firm Darktrace plans £3bn IPO on London Stock Exchange

Cambridge-based company claims to be first to use AI to detect cybersecurity threats on a large scale

The cybersecurity firm Darktrace has announced plans to float on the London Stock Exchange, in a move that will reportedly value the Cambridge-based company at £3bn.

It is the first big company to have chosen the City for its initial public offering (IPO) since Deliveroo’s disappointing stock market debut last month.