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There are a lot more factors that they will be subject to in an IPO that I think they could have avoided through this deal. IPOs/Stock market has not been kind
by 0x500x79 2y ago
There are a lot more factors that they will be subject to in an IPO that I think they could have avoided through this deal. IPOs/Stock market has not been kind to companies that do not have great margins and the current rumor mill has Wiz spending quite a lot in infrastructure costs to power their platform (a lot of it is built on Neptune and snapshot data transfer/processing is costly).
At the end of the day there were a lot of employees up and down the organizational chart that would have been very happy with this deal. So I wish that we could see the inner workings of what went wrong.
The constant rumor mill around Wiz keeps turning, and one starts to ask if there are nefarious actions at play.