Following Google's acquisition of Wiz, the cybersecurity market has lost its best bet at a flashy IPO anytime soon. Why it matters: A volatile economy and a challenging security sales landscape make public exits increasingly difficult and unattractive,

Google has agreed to buy cybersecurity company Wiz for $32 billion, making it the organisation’s largest acquisition to date. The deal, which is expected to happen in 2026 pending regulatory approval, would integrate Wiz into Google Cloud, strengthening its security capabilities in cloud computing and AI.

Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.