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Cybersecurity Startup Snyk Is Said to Plan 2022 IPO

Dec. 23, 2021, 11:38 PM

Cybersecurity startup Snyk Ltd. is making preparations for an initial public offering that could happen as early as next year, according to people familiar with the matter.

The Boston-based company is speaking to banks and aiming for listing as soon as mid-2022, said the people, who asked not to be identified because the matter is private.

The company is expected to target a market value greater than its last valuation of $8.6 billion from September, the people added.

Snyk’s plans aren’t finalized and details could still change.

A representative for Snyk declined to comment.

Snyk’s platform helps software developers integrate ...