When will Databricks go Public IPO?

It should be in 2023, in theory.

Photo by "My Life Through A Lens" on Unsplash

Data + Bricks - get it?

Hey Guys,

I think a lot about the Modern data stack and companies like Snowflake and Databricks. Snowflake still has an incredible market cap of $46 billion and I’ve always wondered what Databricks would do on the public markets.

Seattle Data Guy (I think Ben now lives in Denver) has covered Databricks pretty well in 2022. I wanted to feature his YouTubes on this topic because I really admire creators that are doing consulting, YouTube and Newsletters as diversified self-employed entrepreneurs.

Mehdi Ouazza (Berlin) recently started a Newsletter too. This new trend of data engineering folk being also creators on YouTube and Substack is not going to slow down in 2023.

The Difference Between Databricks and Snowflake

TechCrunch provides some context:

A historical tour of Databricks’ valuation multiples

Pulling from our February and April coverage, a historical rundown of Databricks’ valuation and fundraising:

• Q3 2019: $200 million run rate, $6.2 billion valuation — 31x run-rate multiple.

• End of 2020: $425 million ARR, $28 billion valuation — 66x ARR multiple.

• August 2021: $600 million ARR, $38 billion valuation — 63x ARR multiple.

• End of 2021: $800 million+ ARR, $38 billion valuation — 47.5x ARR multiple.

If you consider IPOs that are maybe expected in 2023, I think you have to count Databricks as one of the bigger ones among this list:

Here are the 6 monster IPOs to look forward to in 2023:

• ByteDance

• Databricks

• Versa Networks

• Flexport

• Stripe (2024 imho)

• Arm

• Reddit