Databricks CEO Open to IPO Next Year, Prioritizes Growth Over Market Timing
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Databricks CEO Open to IPO Next Year, Prioritizes Growth Over Market Timing

Databricks CEO Ali Ghodsi indicated the company might consider an Initial Public Offering (IPO) by late next year, though he stressed no firm plans are in place. Ghodsi stated that remaining private allowed Databricks to focus on long-term growth and innovation, avoiding the short-term financial pressures faced by newly public tech companies in 2022. The company, valued at $134 billion after a recent funding round, prioritizes market leadership over market timing for a potential listing.

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