Snyk Ltd, a cybersecurity start-up which was valued at $8.5 billion in a funding round last year, has hired banks including Morgan Stanley and Goldman Sachs Group Inc in preparations for a U.S. initial public offering , according to people familiar with the matter.
Snyk and Goldman Sachs did not immediately respond to requests for comment. Morgan Stanley declined to comment. Dealmaking in the sector, as a result, has also witnessed a big jump. Last year, McAfee Corp struck a $14 billion deal to be taken private. Earlier this year, Reuters reported that buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions distributor and consultant it controls at a valuation of more than $3 billion, including debt.