It's been a minute since we've talked about cybersecurity's IPO pipeline. There's a good explanation: our 2022 IPO pipeline did not go as planned

Cybersecurity's IPO Pipeline: 2025 Candidates

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2024-11-18 16:30:03

It's been a minute since we've talked about cybersecurity's IPO pipeline. There's a good explanation: our 2022 IPO pipeline did not go as planned.

Better than nothing...but a pure-play cybersecurity company hasn't gone public since ForgeRock over 1,000 days ago. They've since been taken private and merged into Ping Identity.

This has been the story of the past three years: dozens of companies are stuck in the IPO pipeline, and more companies have been taken private than public.

Tech IPOs have slowly resumed. Valuations have reset and stabilized. The incoming administration in the United States is pro-business with a relatively hands-off track record on regulation and antitrust enforcement.

More importantly, great companies are still great companies no matter what the economic circumstances. Cybersecurity has a lot of great companies in the IPO pipeline right now.

We're going to see more IPOs in the next three years than we have in the last three. There's an outside chance we could even break some previous records. But the bar is still high.

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