How to Invest in Wiz

By Matthew DiLallo – Updated May 13, 2025 at 2:44 PM | Fact-checked by Frank Bass

Key Points

Wiz accepted Google's $32 billion acquisition offer in early 2025, ending its IPO plans.
Investing in Google will give you indirect exposure to Wiz when the acquisition closes.
Consider investing in alternative cybersecurity stocks like CrowdStrike or Palo Alto.

Founded by Assaf Rappaport in 2020, Wiz burst onto the cybersecurity scene, hitting $100 million in annual recurring revenue (ARR) within 18 months. Its ARR has continued soaring, reaching $500 million by the end of 2024. The company has a grand ambition to grow its ARR to more than $1 billion in the future.

The company's revenue growth (and focus on cloud security) caught the attention of tech titan Alphabet (GOOG +2.40%)(GOOGL +2.44%). Its Google subsidiary offered to buy Wiz for $23 billion in 2024. Wiz turned down the offer, opting instead to continue building the company independently. While Wiz wanted to eventually pursue an initial public offering (IPO), Google came back with a $32 billion offer to buy the company in early 2025, which it accepted.

Digital padlock illustrating cybersecurity. — Image source: Getty Images.

Here's a look at everything you need to know about investing in the company and some cybersecurity stock alternatives to consider now that it's highly unlikely that Wiz will go public.

Is Wiz publicly traded?

As of early 2025, Wiz wasn't a publicly traded company. It was a private venture capital-backed startup. Several notable firms have invested in Wiz, including Andreessen Horowitz, Lightspeed Venture Partners, Thrive Capital, Greylock Partners, Salesforce (CRM -0.63%) Ventures, Sequoia Capital, and Blackstone (BX +1.03%).

IPO

IPO (Initial Public Offering) is the first sale of stock by a private company to the public, making it a publicly traded entity.

When will Wiz IPO?

Wiz likely won't be putting its name on the IPO calendar anytime soon. While the company walked away from a $23 billion acquisition offer by Google in July 2024, the tech titan came back with a higher offer a few months later. Wiz accepted a $32 billion deal from Google to become part of Google Cloud. The company plans to close the acquisition as soon as it receives the necessary regulatory approvals.

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The bottom line on Wiz

Wiz is one of the hottest companies in the startup world. It's one of the fastest-growing companies because its cybersecurity solutions are in high demand. That caught the attention of Google, which tried to buy the company. However, Wiz plans to stay the course and go public in the future. Given its growth, it could be one of the hotter IPOs when it launches, which makes it an exciting company to watch.

FAQ

About the Author

Matt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

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@MatthewDiLallo

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Matt DiLallo has positions in Alphabet, Blackstone, CrowdStrike, Palo Alto Networks, Salesforce, and Zscaler. The Motley Fool has positions in and recommends Alphabet, Blackstone, CrowdStrike, Salesforce, and Zscaler. The Motley Fool recommends Palo Alto Networks. The Motley Fool has a disclosure policy.

Should I invest in Wiz?

Since Google is buying Wiz, you likely won't ever get the chance to invest directly in the company. However, if the deal falls through, here are some reasons why you might want to invest in the cybersecurity company if it goes public:

You think Wiz will grow its revenue and profits briskly in the future.

You think the company will grow into a leader in the cybersecurity industry.

You want to invest in a founder-led company.

You think Wiz has better products and services than its cybersecurity sector rivals.

Investing in Wiz would help diversify your portfolio.

On the other hand, here are some reasons why you might opt against buying Wiz at its IPO:

You're not sure what Wiz does.

You're concerned about growing competition in the cybersecurity sector.

You're at or nearing retirement and would prefer to invest in more mature companies.

You already own other cybersecurity stocks.

ETFs with exposure to Wiz

Since Wiz isn't a publicly traded company yet, you can't use exchange-traded funds (ETFs) to gain passive exposure to the cybersecurity company. However, you can use ETFs to invest in the cloud security trend. Here are three top cybersecurity ETFs to consider investing in while you wait for Wiz to go public:

First Trust NASDAQ Cybersecurity ETF (CIBR +0.20%): This ETF tracks the Nasdaq CTA Cybersecurity Index. The fund had 32 holdings in early 2025, including Crowdstrike Holdings (second-largest at 7.5%), Palo Alto Networks (fourth-largest at 7.4% of its net assets), and Zscaler (10th-largest at 4.1%). The fund had a 0.59% ETF expense ratio.

Amplify Cybersecurity ETF (HACK +0.08%): The fund was the first cybersecurity ETF when it launched in 2014. It had 23 holdings in early 2025, including Palo Alto Networks (fifth-largest at 5.7%), Crowdstrike Holdings (sixth-largest at 5.6%), and Zscaler (10th-largest at 4.5%). The ETF had a 0.6% expense ratio.

iShares Cybersecurity and Tech ETF (IHAK +0.40%): The BlackRock (BLK +1.29%)-managed ETF focuses on cybersecurity and technology companies. The fund had 36 holdings in early 2025, including Crowdstrike (seventh-largest at 4.1% of its holdings) and Zscaler (10th-largest at 3.8%). It had a 0.47% expense ratio.

How to Invest in Wiz

Key Points

Is Wiz publicly traded?

IPO

When will Wiz IPO?

Related investing topics

How to Read a Cash Flow Statement

Accounts That Earn Compounding Interest

Index Funds vs. Mutual Funds: What Are the Differences?

The bottom line on Wiz

FAQ

Can I invest in Wiz?

Is Wiz a publicly traded company?

What is the ticker symbol for Wiz?

Is Wiz profitable?

About the Author

Our Guides

Premium Investing Services

How to buy Wiz stock

CrowdStrike Holdings

Palo Alto Networks

Zscaler

Is Wiz profitable?

Should I invest in Wiz?

ETFs with exposure to Wiz