1Password Interviewing Banks for Possible 2025 Public Offering

  • Password manager was last valued by investors at $6.8 billion
  • Backers include Accel, Iconiq, Tiger and Justin Timberlake
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The company behind password-management service 1Password is interviewing banks for an initial public offering, according to people familiar with the matter.

The Toronto-based security business, formally called AgileBits Inc., is aiming to go public next year, said the people, who asked not to be identified discussing private information.