Databricks closed a staggering $10 billion in funding, catching the attention of technology investors about its delayed IPO, with CEO Ali Ghodsi stating the plan is not to go public until at least 2025.
Ghodsi explained the decision to delay Databricks' IPO, citing the need for stability during an election year and ongoing concerns about interest rates and inflation, describing it as 'dumb to IPO this year'.
The demand for Databricks' shares skyrocketed, with Ghodsi revealing an overwhelming $19 billion of investment interest, prompting the company to increase their share price during the fundraising round.
Despite the success of their funding round, Ghodsi noted that while a 2025 IPO is possible, it could also extend to 2026, indicating a thoughtful approach to market timing and company growth.
Collection
[
|
...
]