Upcoming IPO Candidates

Our research team constantly monitors private markets. This monitoring serves a dual purpose: screening future candidates that could join the IPOX® Indexes, and informing the solutions we offer for private market proxy exposure. The IPO candidates we identify are private companies that have reached a stage of growth and maturity where they are considered strong contenders to go public, for example, through an initial public offering (IPO) or spin-off. These firms have typically completed multiple funding rounds and showcase consistent growth, market potential, and business stability. Below is a list of several firms that have expressed interest to go public, or have been subject to media rumors about planning a listing in the near-term.

Potential IPOs Sorted by Status, Date, and Valuation
Name Description IPO Status Est. Valuation Expected IPO Date
Circle LogoCircleDigital currencies and payments infrastructureConfidentially Filed$5 billionH1 2025
Chime LogoChimeMobile banking and financial servicesConfidentially Filed$40 billion2025
Cerebras Systems LogoCerebras SystemsAI-specific hardware for neural networksFiled S-1$8 billion2025
Hinge Health LogoHinge HealthDigital solutions for musculoskeletal careFiled S-1$6 billion2025
Omada Health LogoOmada HealthDigital health platformConfidentially Filed$1 billion2025
Klarna LogoKlarnaBuy-now-pay-later payment solutions providerFiled F-1 (Paused)$15 billionUnknown
Skims LogoSkimsShapewear and loungewear fashion brandPrivate$4 billionH1 2025
Shein LogoSheinGlobal fast-fashion online retailerPrivate$50 billion2025
Canva LogoCanvaDesign platform for creating visual contentPrivate$26 billion2025
Discord LogoDiscordVoice, video, and text communicationPrivate$15 billion2025
EG Group LogoEG GroupPetrol forecourt operator with retail servicesPrivate$14.5 billion2025
SeatGeek LogoSeatGeekEvent ticketing platform and marketplacePrivate$1 billion2025
Stada Arzneimittel LogoStada ArzneimittelPharmaceutical company specializing in generic medicinesPrivate$11 billionSeptember 2025
Ripple Labs LogoRipple LabsBlockchain-based payment solutions provider for financial institutionsPrivate$10 billionQ4 2025 / Q1 2026
Rappi LogoRappiLatin American on-demand delivery platformPrivate$5.5 billion2025-2026
Armis LogoArmisCybersecurity platform managing asset visibility risksPrivate$4 billion2025-2026
Kraken LogoKrakenCryptocurrency exchange and trading platformPrivate$11 billionQ1 2026
Deel LogoDeelGlobal HR platform for remote workforce managementPrivate$12.5 billion2026
DriveWealth LogoDriveWealthBrokerage-as-a-Service financial technology platformPrivate$3 billion2026+
SpaceX LogoSpaceXSpace exploration and rocket manufacturerPrivate$350 billionUnknown
OpenAI LogoOpenAIAI research and development organizationPrivate$300 billionUnknown
Stripe LogoStripeOnline payments processing platformPrivate$91.5 billionUnknown
Anthropic LogoAnthropicAI safety and research companyPrivate$61.5 billionUnknown
Epic Games LogoEpic GamesVideo game development and publishingPrivate$32 billionUnknown
Airtable LogoAirtableNo-code app development platform for businessesPrivate$11.5 billionUnknown
Altos Labs LogoAltos LabsBiotech company focused on cellular rejuvenationPrivate$6.5 billionUnknown
Hugging Face LogoHugging FaceAI and machine learning platformPrivate$4.5 billionUnknown
Motel One LogoMotel OneBudget designer hotel chainPrivate$4.5 billionUnknown
BestSecret LogoBestSecretExclusive online fashion retailerPrivate$4.5 billionUnknown
Dataminr LogoDataminrReal-time data and AI insightsPrivate$4 billionUnknown
Ebury LogoEburyGlobal payments and business financingPrivate$2.5 billionUnknown
Liquid Death LogoLiquid DeathCanned mountain water brandPrivate$1.5 billionUnknown

The information provided on this page, including company descriptions, valuations, and expected IPO dates, is for informational purposes only and may not be accurate or up-to-date. We do not guarantee the completeness or reliability of this data, and you should verify the information independently before making any financial or investment decisions. Use this information at your own risk.