How will the public markets value cybersecurity unicorn Snyk?
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How will the public markets value Snyk?
Back in early 2024, cybersecurity startup and unicorn Snyk was reported to be preparing an IPO prospectus. Since then, what had felt like an open IPO window has become a closed portal, leaving Snyk private for the time being.
Recently, however, the company’s 2023 books were released. It tells us two things:
The cybersecurity market was abundant last year, as indicated by the company’s growth.
Cutting expenses while growing revenues really can make a dent in your company’s unprofitability.
From its 2023 Annual Report and Financial Statements: