$9 billion cybersecurity firm Tanium faces exodus over IPO uncertainty

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The $9 billion cybersecurity firm Tanium is facing a huge exodus over uncertainty about its IPO plans and business model

The news was met with cheers — one person who was present recalled that the Zoom call's chat was filled with exclamations like"yay!" or"yippee!" Some eagerly texted their former colleagues, as word spread quickly: After 14 years, Tanium was finally going public. , who cofounded the company with his father, David, had always appeared adamantly opposed to taking his tightly controlled company public.

Hindawi did not explain what led to his change of heart about a public listing, according to the person on the call. But in the months since the April meeting, the elation those employees expressed has increasingly turned into wariness and disappointment. In August, just a few months after Hindawi's internal IPO announcement, Tanium's marketing boss quit, and more than a dozen marketing staffers were

 

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