Proofpoint Considers IPO, M&A
This is a Proofpoint news story, published by CNBC, that relates primarily to Sumit Dhawan news.
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•Cybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets
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.
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