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Cybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets

CNBC
Summary
Nutrition label

74% Informative

Proofpoint is exploring an initial public offering sometime in the next 12 to 18 months .

CEO Sumit Dhawan said the timing of Proofpoint 's IPO would still remain dependent on general market conditions and the outcome of the 2024 U.S. presidential election.

Dhawan , who was appointed CEO last year , has been pushing the firm to consider strategic mergers and acquisitions of smaller cybersecurity firms in a bid to stimulate industry consolidation.

VR Score

81

Informative language

85

Neutral language

54

Article tone

informal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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