AlgoSec, a cybersecurity company headquartered in New Jersey, is reportedly exploring an initial public offering on the London Stock Exchange.
The company, which specializes in automating network security policies across complex hybrid environments, has not disclosed a specific timeline or valuation target. Its growth metrics include a 37% year-over-year increase in new business for 2025, paired with gross dollar retention rates above 90%.
Why London, and why now
AlgoSec was founded in 2004 and has raised roughly $36 million in funding over its lifetime. The company employs around 554 people. Its platform, called AlgoSec Horizon, uses AI to automate security policies across hybrid cloud networks.
Choosing London over New York or Nasdaq is the more surprising part of this story. AlgoSec has an existing European footprint, which includes a UK subsidiary and regular London-based events. No specific details on IPO timeline, valuation targets, or strategy for choosing London have been disclosed.
