The data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider.
But when it last announced it had filed confidential IPO paperwork, on December 21, 2021, its timing couldn't have been worse.
Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, as well as fears of a full-blown recession.
"I can't predict the market, but, you know, if that happens, I'd say we'd be as ready as we were in 2021," Poonen said.
And as the market opens up, we'll pick the right time, whether it's fall, whether it's next year," Poonen added.
Persons:
Cohesity, Sanjay Poonen, IPOs, Poonen, He's, it's, Eric Brown, Srinivasan Murari, he's
Organizations:
Microsoft, Web Services, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg
Locations:
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