CNBC October 1, 2024
Key Points
– Proofpoint is exploring an initial public offering sometime in the next 12 to 18 months, the cybersecurity company’s CEO Sumit Dhawan told CNBC this week.
– Dhawan, who was appointed CEO last year, has been pushing the firm to consider strategic mergers and acquisitions of smaller cybersecurity firms in a bid to stimulate industry consolidation.
– It would mark the second time Proofpoint has gone public after the company was acquired in 2021 by private equity firm Thoma Bravo for $12.3 billion.
LONDON — Privately-held cybersecurity firm Proofpoint is exploring tapping external investors for pre-IPO financing and the consideration of mergers and acquisitions of smaller cyber companies as it seeks a return to public markets in 2026,...
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