Foley & Lardner LLP partner Louis Lehot commented on cybersecurity startup Wiz’s decision to walk away from a potential sale to Alphabet and pursue an initial public offering in the Mergermarket article, “Wiz IPO plan could yield greater future rewards than Alphabet offer – sources.”

Lehot said that he believes Wiz CEO Assaf Rappaport is mission driven, viewing an IPO as the ultimate marker of success and one that cements legitimacy with customers.

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This article was posted on Foley.com on 26 July 2024