Databricks Plans IPO Later This Year – High Demand Expected

According to recent information, Databricks, together with the lead underwriter, has decided to go public later this year.

As reported by the news agency Reuters, investment bank Merrill Lynch expects the stock to be listed at around €65 at the time of the IPO.

According to Merrill Lynch, demand for Databricks shares has increased by approximately 350% in recent weeks. Experts attribute this strong interest primarily to a new AI technology that, according to early assessments, can process information faster and more efficiently than existing systems – including those from OpenAI and ChatGPT.

With this innovation, Databricks is positioning itself as a major player in the growing artificial intelligence market. Industry observers are therefore expecting one of the most exciting IPOs of the year.