Darktrace slumps as shareholders sell 25m shares in placing

Cybersecurity firm Darktrace tumbled on Friday after shareholders sold 25m shares in a placing.

KKR Dark Aggregator LP, Summit DT CLN Holdings 4 and Balderton Capital SFI SLP sold the shares at 750p each.

Jefferies, Berenberg and KKR Capital Markets acted as joint global co-ordinators and joint bookrunners on the placing, while Needham and Piper Sandler acted as joint bookrunners.

At 0900 BST, the shares were down 6.4% at 767.50p.