SentinelOne (NYSE: S) recently made history as the highest-valued cybersecurity IPO. The company priced its IPO at $35 per share, and its stock started trading at $46 a share on June 30.
SentinelOne's IPO price gave it a valuation of $8.9 billion, which surpassed CrowdStrike's (NASDAQ: CRWD) record-setting $6.7 billion market debut back in 2019. The eight-year-old company is now worth roughly $11.4 billion following its post-IPO rally.
Does that warm welcome indicate SentinelOne will sidestep the inflation and valuation concerns that have torpedoed many growth stocks this year? Or should investors wait for a big pullback before buying?
Source Fool.com