/ Pre-IPO Risk Index / Wiz

Wiz

Cybersecurity · Pre-IPO · $32B (Google acquisition pending 2025)
A-

Excellent (A-) — Round Z Pre-IPO Risk Grade

Wiz reached $500M+ ARR within 4 years of founding — the fastest-growing software company in history. Google announced a $32B acquisition in 2025 after Wiz rejected Google's prior $23B offer in 2024. Pending regulatory review (DOJ, EU, Israeli Antitrust Authority). Conservative governance and clean disclosure produce institutional-grade profile despite acquisition pendency.

90
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Governance Risk
A
Valuation Methodology
A-
Secondary Liquidity
B
Financial Disclosure
A-
Exit Probability
A-
/ Public-Record Events

Key risk events & disclosures.

  • Google acquisition agreement announced 2025 — $32B (vs. $23B 2024 rejected offer)
  • DOJ + EU antitrust review ongoing; expected closing 2026-2027
  • $500M+ ARR within 4 years — fastest in software history
  • Clean Israeli + U.S. dual-jurisdiction governance

/ Best for

Investors who can size positions accepting either acquisition close at $32B (base case) or remaining-independent re-rating scenario.

/ Watch out for

Antitrust review timeline uncertain; CFIUS and Israeli regulatory clearance both required. Either outcome (close or block) materially affects valuation.