Upcoming IPO Candidates
Our research team constantly monitors private markets to screen future candidates that could join the IPOX® Indexes. These IPO candidates are private companies that have reached a stage of growth and maturity where they are considered strong contenders to go public, e.g., through an initial public offering (IPO) or spin-off, and have typically completed multiple funding rounds, showcasing 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 to plan a listing in the near-term.
| Name | Description | Valuation | Expected IPO Date | |
|---|---|---|---|---|
 | Anthropic | AI safety and research company | $40 billion | Unknown |
 | Armis | Cybersecurity platform managing asset visibility risks | $4.2 billion | 2026 |
 | BestSecret | Exclusive online fashion retailer | $4.3 billion | Unknown |
 | Canva | Design platform for creating visual content | $26 billion | 2025 |
 | Cerebras Systems | AI-specific hardware for neural networks | $8 billion | 2024 |
 | Chime | Mobile banking and financial services | $25 billion | 2025 |
 | Circle | Digital currencies and payments infrastructure | $5 billion | 2025 |
 | Dataminr | Real-time data and AI insights | $4.1 billion | 2025 |
 | Discord | Voice, video, and text communication | $15 billion | 2025 |
 | Ebury | Global payments and business financing | $1.1 billion | 2025 |
 | EG Group | Petrol forecourt operator with retail services | $2.5 billion | 2025 |
 | Epic Games | Video game development and publishing | $31.5 billion | 2025 |
 | Hinge Health | Digital solutions for musculoskeletal care | $6.2 billion | Unknown |
 | Hotelbeds | Global travel services provider for accommodations | $6 billion | Late 2024 / Early 2025 |
 | Hugging Face | AI and machine learning platform | $4.5 billion | Unknown |
 | Klarna | Buy-now-pay-later payment solutions provider | $14.6 billion | Early 2025 |
 | Kraken | Cryptocurrency exchange and trading platform | $10 billion | 2025 |
 | Liquid Death | Canned mountain water brand | $1.4 billion | 2025 |
 | Motel One | Budget designer hotel chain | $4.4 billion | 2025/2026 |
 | Northvolt | Lithium-ion battery manufacturer for EVs | $18 billion | 2025 |
 | Omada | Digital health platform | $1 billion | 2025 |
 | Opella | Consumer healthcare division of Sanofi | $17 billion | Late 2024 / Early 2025 |
 | OpenAI | AI research and development organization | $157 billion | Unknown |
 | SeatGeek | Event ticketing platform and marketplace | $1.2 billion | 2024/2025 |
 | Shein | Global fast-fashion online retailer | $2 billion | 2024/2025 |
 | Skims | Shapewear and loungewear fashion brand | $4 billion | 2024/2025 |
 | SpaceX | Space exploration and rocket manufacturer | $150 billion | Unknown |
 | Stada Arzneimittel | Pharmaceutical company specializing in generic medicines | $8.7 billion | Late 2024 / Early 2025 |
 | Stripe | Online payments processing platform | $50 billion | 2025 |
 | Turo | Peer-to-peer car rental marketplace | $1.2 billion | Unknown |
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.