Will Databricks SPAC or IPO in 2025?
Artificial intelligence (AI) has brought more than just outsize gains in the technology sector over the last couple of years. The AI boom has acted as a transformational catalyst for companies across each major industry -- and with this increased appetite have come a number of highly anticipated public offerings.
In recent years, hot start-ups including Reddit, CoreWeave, Rubrik, and Tempus AI have made their debuts on the public exchanges. One company that has remained on the sidelines, however, is data lakehouse specialist Databricks.
With comparisons to Snowflake (NYSE: SNOW) and Palantir Technologies (NASDAQ: PLTR), investors have been champing at the bit at the prospects of a Databricks initial public offering (IPO).
Source Fool.com
