Exclusive Networks takes its first steps on the stock market: the company announced yesterday the start of its initial public offering, via an open price offer. This technique allows a company wishing to go public to offer its shares at a variable price, according to a range defined by the company. shares at a price ranging from 20 to 24 euros until September 22, when the price of the shares swill be fixed. Exclusive Networks hopes to be able to raise between 366 and 416 million euros at the end of its IPO. The company is counting on the very active context of the cybersecurity market to increase its activity in the years to coming, and expects annual growth of 9%, until 2026, in a global cybersecurity market valued at 58 billion euros in 2020. Exclusive Networks is a French company, based in Boulogne-Billancourt, which specializes in the resale of security solutions offered by third-party suppliers. It offers solutions from more than 240 suppliers, which it markets on their behalf in the various markets where it is present. It states that it has offices in more than 40 countries, and works in more than 120 countries, but generates most of its turnover in Europe. The sociwas founded in 1995 and reported 2020 sales of 2.9 billion euros. It has been majority owned since 2018 by the British fund Permira.