About Us

Why Invest in the Databricks IPO?

Databricks is one of the most exciting up-and-coming companies. It’s increasing revenue rapidly as more companies utilize its Lakehouse Platform to manage their data, especially for AI applications. It’s a highly anticipated IPO.

“We are anticipating a 2024 IPO…”

Databricks CEO Ali Ghodsi

Information

Databricks IPO 

Valuation

Databricks has lowered its internal 409A valuation by approximately 10% below its last formal fundraise in August 2021, when it was deemed to be worth $38 billion. 

Customers

Databricks sells primarily to large enterprises, with contracts touching millions of dollars annually. It has more than 7,000 customers and a net retention rate of more than 150%.

When?

As of March 2024, there is still no official word from Databricks regarding its plans to go public. However, rumors continue to circulate that the company is planning an IPO for 2024

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What Is an IPO?

An IPO or initial public offering is a stock launch or public offering in which a company sells its shares to institutional and retail investors. An upcoming IPO is generally underwritten by one or multiple investment banks, who also list the shares on stock exchanges. 

Stock prices generally increase after an IPO listing. That is why people rush to subscribe to stocks of promising companies. The aim is to get quality stocks at a reasonable price, which they can sell at higher prices later.

Companies offer IPOs to raise funds from the capital market. The capital from a new IPO can be used for business needs like expanding capacity, diversifying products, opening new stores, setting up R&D, performing mergers and acquisitions, etc.

Features

Why invest in IPOs?

Early Access

By investing in an IPO, you get early access to a company that has high growth potential. It can fetch you a high-profit percentage in a short time, as well as grow your funds in the long run.

Transparent Pricing

IPOs offer transparent pricing since the price per security is mentioned in the IPO order document.

Long-Term Profits

Investing in a current IPO is like investing in equity. They can bring you good returns over a long period of time, which you can then put into life goals and financial commitments.

Wealth Creation

The share market, although volatile, can help you create wealth in the long term by investing in valuable stocks of well-performing companies.

Meet Databrick’s Team

Ali Ghodsi

Ali Ghodsi

CEO

Ali Ghodsi is an Iranian-Swedish computer scientist and entrepreneur specializing in distributed systems and big data. He is a co-founder and CEO of Databricks and an adjunct professor at UC Berkeley.

Dave Conte

Dave Conte

CFO

Most recently served as CFO at Splunk taking it public and helping it grow from $100 million in revenue to more than $2 billion annually.

Fermín Serna

Fermín Serna

COO

A 20+ years of experience natural technical leader of big organizations with deep knowledge in the security/vulnerability assessment and exploit development fields.

Testimonials

What People Are Saying

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Christmas Island, Australia

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Sydney Australia

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