SAS, under the guidance of newly appointed COO Gavin Day, is preparing for a potential IPO but remains cautious amidst uncertain market conditions. In a recent statement, Day indicated there is no fixed target date for the IPO despite prior indications from CEO Jim Goodnight that 2025 might be the goal. SAS is modernizing its operations and financial systems to prepare for public listing, but is not in immediate need of capital thanks to their strong financial health. The current instability in tech stocks due to economic factors is guiding their decision-making process.
There is no target for me... so right now, there does not appear to be a new target year.
We have to look at the economic turmoil that we're in right now. The markets are very volatile.
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