Cybersecurity startup Wiz to pursue an initial public offering
Cybersecurity startup Wiz has walked away from a reported $23-billion deal to be acquired by Google-parent Alphabet and has chosen to pursue an initial public offering, according to a Wiz memo seen by Reuters.
Wiz’s decision to call off the deal will be a setback for Google, which has been investing in its cloud infrastructure and focusing on winning clients for the cloud business that generated more than $33 billion in revenues last year.
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