Wiz Snubs Google’s $23B Offer, Stumbles Over CFO Hunt, IPO Delayed Until 2026

Cybersecurity startup Wiz turned down Google’s $23 billion offer but now faces a hurdle: hiring a CFO. As a result, its IPO is delayed until 2026.

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Published: August 14, 2024 1:09 pmAdded: August 14, 2024 at 1:02 pmAssembled by: The Editor
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Hot Take:

Wiz just pulled a Houdini, vanishing $23 billion from Google’s hands. Now, all they need is a financial wizard to make their IPO dreams come true—if they can conjure one up by 2026!

Key Points:

  • Wiz declined a $23 billion acquisition offer from Google to focus on an IPO.
  • The startup needs to hire a CFO before moving forward with the IPO.
  • Current projections suggest an IPO won’t happen until at least 2026.
  • Wiz has surpassed $500 million in annual recurring revenue (ARR).
  • CEO Assaf Rappaport previously indicated a target of $1 billion ARR by mid-2025.

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