Strong bid for tech continues with $800m Proofpoint convert

By Aidan Gregory
22 Aug 2019

Proofpoint, the California-based cyber security company, became the latest issuer this week to take advantage of the booming market for US technology sector convertible bonds, raising $800m to finance its growth.

The deal was increased in size by $50m due to the strength of investor demand for the bonds.

Despite heightened levels of equity volatility at various points year, technology stocks have remained popular with investors. The Nasdaq has rallied by more than 20% since the start of ...

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