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SoftBank-Backed Cohesity Is Said to Work With Banks on IPO

  • Software firm could be valued at $5 billion up to $10 billion
  • JPMorgan, Morgan Stanley, BofA work with Cohesity on 2022 IPO
Mohit Aron
Mohit AronSource: Hindustan Times/Getty Images
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Cohesity Inc., a data-management software company backed by SoftBank Vision Fund, is working with JPMorgan Chase & Co. and Morgan Stanley on an initial public offering for next year, according to people familiar with the matter.

The company is seeking to be valued in a listing at $5 billion to as much as $10 billion, said the people, who asked not to be identified because the information was private. The company could submit its draft IPO registration to the U.S. Securities and Exchange Commission as soon as this week, the people said.