Goldman Sachs Avoids Darktrace Float | Business

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Investment bank Goldman Sachs is avoiding the float of Darktrace, the fast-growing cybersecurity technology company backed by former autonomy boss Mike Lynch.

Lynch faces extradition to America in connection with Autonomy, the tech giant he led until its sale to Hewlett-Packard in 2011.

He denies the charges related to securities fraud and wire transfers on the sale of $ 11 billion, after which HP reduced Autonomy’s value by $ 8.8 billion.

Sky News reported that investment banks have been asked to comment on Darktrace’s listing, in which Lynch’s Invoke Capital was the primary investor. Sky reported that Goldman declined to participate due to concerns about ongoing legal disputes.

Lynch, who submitted to arrest in February and was granted £ 10million bail, intervened

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