KKR-backed KnowBe4 valued at over $3.5 billion in strong Nasdaq debut


FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) - Cybersecurity firm KnowBe4 Inc on Thursday joined a string of technology-focused companies that saw strong market debuts in the United States this year, after its shares opened nearly 25% above their offer price on Nasdaq.

The company, backed by private equity firm KKR & Co Inc, gained a valuation of $3.56 billion in afternoon trading when its shares were up 33%. They opened at $19.95, above the initial offering price of $16.

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