Wiz rejects $23 billion Google takeover bid, considers IPO instead

“I’ll get straight to the point: our next milestones are $1 billion in ARR and an IPO. Saying no to such humble offers is difficult, but with our exceptional team, I feel confident in making this choice,” CEO Assaf Rappaport wrote in an email to employees. The deal was expected to be the largest acquisition by a U.S. search giant and the largest exit by an Israeli company.