Safe-T Group Ltd. (SFET) IPO Opens 16% Lower

Today's IPO for Safe-T Group Ltd. (NASDAQ: SFET) opened for trading at $12 after pricing 510,438 American Depositary Shares at a price of $14.35 per ADS.

Chardan is acting as the sole book-running manager for the offering.

Safe-T Group Ltd. (NASDAQ: SFET) (TASE: SAFE), is a leading provider of software-defined access solutions which mitigate attacks on enterprises' business-critical services and sensitive data. Safe-T solves the data access challenge by masking data at the perimeter, keeping information assets safe and limiting access only to authorized and intended entities in hybrid cloud environments. Safe-T enhances operational productivity, efficiency, security, and compliance by protecting organizations from data exfiltration, leakage, malware, ransomware, and fraud. With Safe-T's patented, multi-layer software-defined access, financial services, healthcare, utility companies and governments can secure their data, services, and networks from internal and external data threats.

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