Cybersecurity Startup Wiz Eyes $20 Billion Valuation in Share Sale

Cybersecurity firm Wiz Inc. is considering a share sale from existing investors, potentially valuing the company between $15 billion to $20 billion. The proposed transaction could see shareholders selling $500 million to $700 million of their stake. While the company may also seek direct investments, the deal is not finalized and details may change. This development follows Wiz`s rejection of a $23 billion acquisition offer from Google, driven by the company`s belief in its potential for greater value as a publicly traded entity.