Open source database vendor MySQL AB is preparing itself for an initial public offering, and could even be ready to go public before the end of the year, according to its CEO Marten Mickos.

“We are planning to go public,” Mickos told Computer Business Review in an exclusive interview, adding that the Uppsala, Sweden-based database management vendor is in no hurry to go public after raising $18.5m in Series C funding this time last year and $39m in total.

“We have about half the VC money ever raised still unused,” he said. “We are talking to bankers now but we may take our time,” he added. “It’s more of a timing issue, but we are making sure we can do it this year if we want to.”

Source: Computer Business Review