Sophos Plans $100 Million London IPO

LONDON—Internet security firm Sophos Group PLC plans to raise about $100 million from a float on the London Stock Exchange, in a sign of the growing importance small and medium sized enterprises are attaching to defending against cybercrime.

Sophos’ move comes one day after a report commissioned by the U.K. government showed that the number of online security breaches in the U.K. is continuing to rise, with 90% of large companies…

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