Cloud Content Security Firm Egnyte Planning for 2022 IPO

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Cloud content security firm Egnyte is planning to go public as soon as this year, according to people with knowledge of the matter.

The Goldman Sachs Group Inc.-backed company is aiming to seek a valuation of more than $1.5 billion, the people said, asking not to be identified discussing private information. A representative for Egnyte, based in Mountain View, California, declined to comment.