Why hasn't Verkada had an IPO yet? Are they going to get acquired?

Question

Accepted Answer

IPO'ing during a potential recession doesn't make sense. The founders and high up executives would be leaving a substantial amount of money on the table if they IPO'd now.

Answer

Verkada releases new product lines every 6 months to a year. there are some big industries that the rumors have started flowing we will be breaking into soon. simply announcing products in those industries would likely double our evaluation. I expect to IPO once those new products reach maturity

Answer

Their chairman has stated that he wants to IPO once the company reaches $1B in annual revenue. Might happen in the next year or two. No shot they get acquired, that chairman also founded Meraki and had a not so great time selling it to Cisco. The feeling inside the organization is IPO or bust

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