KnowBe4, valued at $1 billion, going public as Clearwater firm aims for $100 million IPO

The cybersecurity firm KnowBe4, valued at $1 billion, is going public and wants to raise $100 million.

The company filed a document Friday with the Securities and Exchange Commission declaring that it has filed an initial public offering in the U.S.

KnowBe4 is valued at about $1 billion and has just over 1,000 employees, most of whom work in the firm’s downtown Clearwater headquarters.

The company has reported jumps in revenue over the past three years: $71.3 million in 2018, $120.6 million in 2019 and $174.9 million last year.

The lead underwriters are Morgan Stanley & Co., Goldman Sachs, BofA Securities and KKR Capital Markets. The Tampa Bay Business Journal, which first broke the story, reported that KKR invested $300 million into KnowBe4 in 2019.

Can’t stop reading? Read more