Wiz Stock: Google Takes a Wiz

Google has agreed to purchase Wiz for $32 billion after being rejected in 2024. The likelihood of a Wiz IPO has fallen to near zero, aside from the possibility of government scrutiny. 

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Recent Wiz News

03/18/2025: Google Buys Wiz for $32 Billion
03/17/2025: Alphabet Back in Talks to Buy Wiz
01/09/2024: Wiz taps Merchant as president, CFO to prep for IPO
11/21/2024: Wiz acquires Dazz for $450M 
Older news…

About Wiz

Wiz is a cloud cybersecurity company that partners with leading cloud service providers and systems integrators to help organizations build securely in the cloud.

Its core products analyze computing infrastructure hosted on various cloud platforms to identify and mitigate risks posed by external bad actors. 

The company was founded in 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak. The quartet previously served in an elite Israeli intelligence unit (similar to the NSA) and founded the security company Adallom.

Microsoft acquired Adallom in 2015. 

The Wiz headquarters are in New York City, with offices in Tel Aviv, Israel; Arlington, Virginia; Austin, Texas; and Denver, Colorado. 

Here’s an introduction video. 

Ownership

Wiz is a late-stage venture-based startup. The equity ownership holders comprise of the founders, employees, and venture capital investment firms. 

Prominent venture capital investors include Insight Partners, Sequoia, Blackstone, Index Ventures, Cyberstarts, Greenoaks, Salesforce Ventures, Andreessen Horowitz, Greylock, Thrive, Lightspeed Venture Partners, and former Starbucks CEO Howard Schultz.

Google announced the purchase of Wiz on March 18th, 2025

Funding Rounds

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Valuation

The latest confirmed Wiz valuation is $32 billion, based on the March 18th, 2025 purchase by Google. 

Bloomberg reported in late-September 2024 that it was planning a tender offer and potential fund raise at a $15-$20 billion valuation.

Monitor pre-IPO marketplaces such as Hiive for the latest share availability and pricing. 

IPO Potential

The Wiz IPO date will not happen. Google will take over ownership in the coming year. 

The road to this point was bumpy. After the initial deal fizzled, Wiz seemed poised to pursue an IPO to control their own destiny. 

On July 14th, 2024, the Wall Street Journal reported that Google (Alphabet) was in advanced talks to acquire Wiz for $23 billion.

However, a week later, Wiz walked away from the deal. Google floated so much money that Wiz had to take it seriously. But getting acquired was contrary to the founders’ vision for Wiz, having sold their previous company to Microsoft. 

Wiz hired a new CEO, Fazal Merchant, in January 2025. He told Reuters in an interview about reaching IPO readiness:

That could be a week, it could be a month, it could be a year. My sense is it’s probably in the ballpark of 12 months, plus or minus.

This suggests to Access IPOs, the deal is likely 12-18 months away from January 2025 (unlikely to be shorter than a year). 

Wiz co-founder Roy Reznik told CNBC in October 2024 that Wiz would IPO “when the stars align”.

CEO Assaf Rappaport told Reuters in May 2024: 

Eventually, our goal is to become a public company. [But there is] no pressure to go public and no need to raise more funds. So, we can time our IPO when we feel ready and when the markets are ready.

Reuters further reported that Wiz planned to stay private “for another year or two”.

Rappaport told the Wall Street Journal in the same Series E PR blitz:

Regarding a potential IPO, we are not rushing into it—we have previously indicated that we would move ahead once we reach $1 billion ARR. For now, we intend to continue innovating and providing maximum value to our customers.

Bookmark this page to follow along as we approach the Wiz IPO date. 

How to Buy Wiz Stock

Wiz stock is not publicly traded. Google plans to purchase Wiz.

Barring any regulatory issues, the deal is expected to go through.

At this stage, retail investors are better off finding other opportunities. 

Buy Google Stock

Investors should buy Google stock to own Wiz stock. 

Frequently Asked Questions (FAQs)

Is Wiz publicly traded?

No. Wiz is not publicly traded. It will not IPO now that Google has agreed to purchase the company.

What is the Wiz stock price?

Wiz is private, so there is no public Wiz stock price. Pre-IPO marketplace data suggests the May 2024 Series E funding round took place at around $22 per share. Monitor the Hiive marketplace for more recent price estimates. 

What is the Wiz stock symbol?

There is no Wiz stock symbol yet because the company is private and has yet to file for an IPO.

However, “WIZ” is currently available. “WZ” is also available. 

The Alpha Architect Merlyn.AI Bull-Rider Bear-Fighter ETF previously occupied the WIZ ticker until December 2023. 

Wiz News Archive

10/28/2024: Wiz CEO explains why he turned down a $23 billion deal
10/18/2024: Wiz CEO says company will IPO “when stars align”
09/24/2024: Wiz In Talks to Sell Shares at Valuation as High as $20 Billion
07/22/2024: Wiz walks rejects $23 billion Google deal, will IPO
07/14/2024: Google Near $23 Billion Deal for Cybersecurity Startup Wiz
05/20/2024: Wiz Raises $1B In VC Funding, Passes On Lacework
05/07/2024: Wiz Raises $1 Billion on Path to IPO
05/07/2024: Cyber startup Wiz raises $1 bln in private funds
04/18/2024: Wiz in Talks to Acquire Lacework for $200 Million
02/27/2023: Wiz, now valued at $10B, raises $300M
10/11/2021: Celebrating Our Series C: Zero to $6 Billion in 18 Months
03/22/2021: Wiz becomes fastest growing security startup ever with new $1.7B valuation

Conclusion

Now that Google is buying Wiz, aspiring pre-IPO investors should move on to other opportunities. Own Google shares to gain investment exposure to Wiz. 

It is possible regulators will block the deal, but this is not an area of expertise for most investors. Move on.

Monitor this webpage for the latest Wiz stock and IPO updates.