Nancy Pelosi, Cathie Wood, Nvidia-Backed Databricks Waits To Go Public: 'Dumb To IPO' In Election Year

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What Happened: While the San Francisco-based company is experiencing growth and was recently valued at $62 billion, 2024 wasn’t the year to file an initial public offering, Databricks CEO and co-founder Ali Ghodsi said at the recent Axios AI Summit.

We wanted to get some stability — people are worried about interest rates, inflation,” he said, as reported by TechCrunch.“So we said ‘Look, it's dumb to IPO this year,’ so we're definitely going to wait.”

Ghodsi said the recent Series J round allowed some early employees the ability to cash out.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets: United States

Topics: IPO US67066G1040 Edge Project NVDA AI Politics MSFT Top Stories CRM US74144T1088 Artificial intelligence Nancy Pelosi Benzinga Tech SNOW Baillie Gifford Congress trading US5949181045 TROW US79466L3024 Cathie Wood KeyProj US14040H1059 IPOs Stories That Matter COF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 18:10:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 38 lines

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Copyright Owner: © Benzinga

News ID: 24539360

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