Is there a possibility of Databricks IPO in 2022?
Despite uncertain market conditions due to rising inflation and higher interest rates, some private companies continue to keep their investors hooked on their initial public offering (IPO) plans. The IPO market has performed badly in 2022, and many companies had to delay their public debut plans due to the present condition of the market. However, this does not mean that investors are no longer interested in the IPOs. Highlights: · Databricks explore the concept of “lakehouse” architecture in the cloud. · In August 2021, Databricks said it raised US$ 1.6 billion and achieved a valuation of US$ 38 billion. · Databricks reportedly aims to invest in innovations that can improve and simplify artificial intelligence. Often, potential investors look for the IPO plans of some private companies that were expected to go public this year, including the data analytics company called Databricks. What is Databricks? Databricks explore the concept of “lakehouse” architecture in the...