McAfee to Tap Morgan Stanley, Bank of America for IPO

McAfee Inc. has hired underwriters to pursue an initial public offering this year that its owners hope could value the cyber security company at at least $8 billion, according to people familiar with the matter.

McAfee, partly owned by Intel Corp., is working with Morgan Stanley and Bank of America Corp. as well as a full banking syndicate for an IPO, which could take place this fall, said one of the people, who asked to not be identified because the matter is private.