The Israeli cyber company Snyk is preparing for an initial public offering

The Israeli cyber company Snyk is preparing for an initial public offering (IPO), which may take place as early as next year (2022), according to the Bloomberg website. The company is expected to focus on a market value higher than its most recent value of $ 8.6 billion as of September
According to the report, the Boston-based company has been talking to banks in recent weeks and is aiming to register as early as mid-2022, according to unknown people who spoke with Bloomberg. However, the same sources stressed that Scenic's plans are not final and the details may still change.
Snyk's platform helps software developers integrate cyber security into their existing workflows, with the goal of tackling increasingly sophisticated attacks. The company was founded in 2015 by the 8200 group of Assaf Hefetz, Danny Grander and Guy Podharni. The report today is not surprising as Scenic CEO Peter McKay said in an interview with the network in March 2021 that the company's goal is to go public over the next few years.
Against the background of the outbreak of the corona, the field of cyber security, became one of the hottest sectors in the capital market. Only from the Israeli angle can we note the initial issue of Sentinel One - 3.56%, which was embraced by the investors on Wall Street who swept the stock to a rise of close to 50%. Alongside this, the veteran Palo Alto -0.83% recorded a significant milestone, with its entry into the prestigious Nasdaq 100 index thanks to its successful year in the market.