Higher valuations and the chance to retain control are two reasons why some tech CEO and founders are shunning acquisition billion dollar offers from larger tech companies, IBM, Citrix, and Cisco in favor of going public.
Reuters is reporting that several tech startups, including cybersecurity company FireEye Inc, big data company Cloudera and cloud storage firm Box (whose CEO Aaron Levie is depicted in the photo above, rejected buyout bids in favor of initial public offerings in the future.
The trend is not all-encompassing, however. Some companies are content to be sold. Security software company Sourcefire and data storage firm Whiptail agreed to be bought by Cisco. IBM bought Softlayer and Trusteer earlier this year, says Reuters. (Image source: box.com blog)