Wiz In Talks to Sell Shares at Valuation as High as $20 Billion

Cybersecurity startup Wiz Inc. is in discussions to sell existing shares at a valuation as high as $20 billion, according to people with knowledge of the matter.

Wiz, which in July walked away from a deal to be bought by Alphabet Inc.’s Google for $23 billion, is talking about a transaction that would let existing shareholders tender from $500 million to $700 million of their holdings, said one of the people, who asked not to be identified discussing private deliberations. The valuation being discussed ranges from $15 billion to $20 billion, the person said.