hares of American cybersecurity unicorn SentinelOne began to trade yesterday on the New York StockExchange. The former startup had raised nearly $700 million before its IPO. And it priced its public debut above a raised price interval. But even its higher-than-anticipated valuation didn’t stop shares of the company from closing around 20% higher.
The SentinelOne IPO is a single data point, b
ut one that fits into a quarters-long trend of high-growth technology companies attracting strong — perhaps exuberant — valuations on American exchanges. The notion that America is a good place to go public is not news; even Chinese tech companies facing what could be called a valuation gap are still pursuing listings in the United States.
But not every technology startup grows up planning, or even dreaming of an American IPO. Many European companies will wind up listing on their native