Databricks CEO Says Wall Street Tumult Won’t Affect IPO Planning

Databricks Inc., one of the most valuable startups in the U.S., is still planning an initial public offering even as Wall Street has become more skeptical about growth in the software industry, according to Chief Executive Officer Ali Ghodsi.

Volatility in the stock market “doesn’t affect IPO timing,” Ghodsi said in an interview. “We’re not in a super hurry to IPO. We’re not pushing it out or anything like that. We’re on a long journey.”

Ali Ghodsi

Photographer: David Paul Morris/Bloomberg

Databricks, which provides tools to help companies glean insights from large amounts of information, has raised $3.5 billion and commands a $38 ...