How to Buy the McAfee Stock IPO
Source: Getty Images

Is McAfee Stock a Good Investment?


Oct. 7 2020, Updated 9:58 a.m. ET

A McAfee stock IPO is in the works as the cybersecurity company makes another bid at going public. For many investors, McAfee needs no introduction—the company has been around for years, and involved with big names such as Intel. When is the McAfee IPO date? Should you buy McAfee stock? And where can you buy McAfee stock? 

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How to Buy the McAfee Stock IPO
Source: Getty Images
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When is the McAfee stock IPO date?

McAfee generates more than $2.0 billion in annual revenue. The cybersecurity company's customers are individuals, businesses, and governments. Intel bought McAfee in 2010, and in 2016, it sold a majority stake in the business to TPG Capital and Thoma Bravo.

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The coming McAfee IPO, if successful, will make it a public company for a second time. Before Intel came along and scooped it up, McAfee was public. For the second IPO bid, the company has so far just filed its public listing documents with the SEC. Details such as IPO date and pricing will come later. 

Should I buy into the McAfee stock IPO?

McAfee will be different from most other 2020 tech IPOs, which have largely featured startups founded in the 2000s that are still burning cash or not generating revenue at all.

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In contrast, McAfee was founded in 1987, and in its fiscal 2019, it generated more than $2.6 billion in revenue. The company is also profitable on an adjusted EBITDA basis, making it a rarity in the 2020 tech IPO party. Investors may find McAfee stock appealing for its exposure to the global cybersecurity market, which is on course to reach $208 billion in 2023 from $150 billion in 2019. 

Where to buy the McAfee stock IPO

There’s little chance the average investor can invest in McAfee as a private company now. Because of the high risk of investing in public companies, SEC rules limit participation in private markets to accredited investors.

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However, any interested investor will have the chance to buy McAfee stock once it hits the public market. McAfee stock will trade on the Nasdaq under “MCFE.” To buy MCFE stock, investors will need to have a stock trading account, which you can open with online brokers such as Robinhood, Charles Schwab, Tastyworks, Webull, Cash App, SoFi Invest, or Vanguard. Most of these brokers allow investors to buy fractional shares from as little as $1.

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How to buy McAfee stock IPO on Robinhood

To place orders for the McAfee stock IPO in advance, investors can use Robinhood's pre-IPO stock purchase feature. To buy McAfee stock on Robinhood, you’ll first need to create a Robinhood trading account. The broker offers three account types that investors can use to buy and sell stocks commission-free.


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