Louis Lehot on Wiz Walking Away from Alphabet Sale – ‘This is fantastic for its IPO story’
July 26, 2024
MergerMarket
Foley & Lardner LLP partner Louis Lehot commented on cybersecurity startup Wiz’s decision to walk away from a potential sale to Alphabet and pursue an initial public offering in the Mergermarket article, “Wiz IPO plan could yield greater future rewards than Alphabet offer – sources.”
Lehot said that he believes Wiz CEO Assaf Rappaport is mission driven, viewing an IPO as the ultimate marker of success and one that cements legitimacy with customers.
“This is fantastic for its IPO story. Their name is out there, along with this valuation they rejected as being too low,” Lehot continued. “If I’m an IPO banker for Wiz, I’m licking my chops right now.”
(Subscription required)
People
Related News
June 26, 2025
In the News
Alejandro Gomez-Strozzi on Mexico-US Auto Parts Trade – 'Going forward, there is nothing but integration'
Foley & Lardner lLP partner Alejandro Gómez-Strozzi shared insights on foreign direct investment around Mexico's automotive parts sector in the El Economista article, "Efecto Trump pega más a IED en autopartes que en autos y camiones."
June 25, 2025
In the News
Jocelyn Lavallo Explores Nuclear's Emerging Role in Project Finance
Foley & Lardner LLP partner Jocelyn Lavallo examined the increasing relevance of advanced nuclear technologies in the evolving clean energy landscape in her Environment+Energy Leader article, "Nuclear’s Emerging Role in Project Finance: A Cross-Technology Perspective."
June 25, 2025
In the News
Kyle Faget Comments on AI, User Fees Ahead of MDUFA Negotiations
Foley & Lardner LLP partner Kyle Faget weighed in on the role of user fees and artificial intelligence as stakeholders prepare for the next Medical Device User Fee Amendments (MDUFA) reauthorization in the Medtech Insight article, "Will Kennedy And Makary Come To Terms On User Fees During Next Round Of MDUFA Negotiations?"