List of PRE-IPO companies 2023 / Part 1
For many years I’ve been publishing lists of PRE-IPO companies. Unfortunately, due to a number of factors that are known to everyone, I did not update the lists, but it’s time to return to the best traditions.
As you already know, most companies have canceled placements from last year and pushed back to this year, so all previous forecasts have been broken due to macroeconomic issues/indicators, including the war in Ukraine and recession in Europe and the US.
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Here we go 🔽 Below are listed some of the recent IPOs of 2023
Docker IPO via SPAC (Forecast Q4 ‘23)
- Founded Date — 2012 (SF, CA, US)
- Founders — Solomon Hykes
Funding traction, total raised ~$436M
- Docker Series E before transformation — Oct 2017
- Series A — Nov 2019 at val. $75.22M, $1.46 pps
- Series B — Mar 2021 at val. $327.9M, $6.52 pps
- Series C — Mar 2022 at val. $2.1B, $31.26 pps (source)
The company has been ready for listing several times and is now closer than ever before (source1, source 2)
Trading at $32— $35 in the secondary market (Dec ‘22)
Reddit IPO (Forecast Q3 ‘23)
- Founded Date — 2005 (SF, CA, US)
- Founders — Aaron Swartz, Alexis Ohanian, Steve Huffman
Funding traction, total raised ~$1.3B
- Series A — 2012 at val. $399M, $0.3519 pps
- Series B — 2014 at val. $500M, $6.2631 pps
- Series C — 2017 at val. $1.8B, $15.779 pps
- Series D — 2019 at val. $3.3B, $21.6893 pps
- Series E — 2021 atl va. $6.09B, $42.4742 pps (source)
1) Reddit Files for IPO (source)
2) Reddit is targeting a $15 billion IPO valuation and looking to hire advisers, report says (source, source2)
3) Reddit is eyeing a $15 billion IPO. Here’s how it became the giant cultural force it is today (source)
Trading at $55— $60 in the secondary market (Dec ‘22)
Airtable IPO (Forecast Q4 ‘23)
- Founded Date — 2013 (HQ, SF, CA, US)
- Founders — Andrew Ofstad, Emmett Nicholas, Howie Liu
Funding traction, total raised ~$1.4B
- Series A and A1–2015 at val. $30M, $1.3369 pps
- Series B and B1–2018 at val. $152M, $5.0398 pps
- Series C and C1–2018 at val. $1.08B, $24 pps
- Series D — September 2020 at val. $2.57B, $56.5392 pps
- Series E — March 2021 at val. $5.53B, $106.9709 pps
- Series F — Dec 2021 at val. $11.75B, $187.2845 pps (source)
1) Airtable CEO on Cloud, Workplace Trends and Future (source)
2) This round bridges us to profitability and allows us to time an IPO (source)
Trading at $80–90 in the secondary market (Dec ‘22)
Impossible Foods IPO (Forecast Q4 ‘23 or Q1 ‘24)
- Founded Date — 2011 (HQ, SF, CA)
- Founders — Monte Casino, Patrick Brown
Funding traction, total raised ~$1.9B
- Series A — 2012 at val. $16M, $1 pps
- Series A-1–2013 at val. $18M, $0.39 pps
- Series B — 2013 at val. $130M, $1.35 pps
- Series C — 2014 at val. $260M, $2.03 pps
- Series D — 2015 at val. $700M, $4.50 pps
- Series E — 2018 at val. $2B, $10.60 pps
- Series F — 2020 at val. $3.4B, $15.42 pps
- Series G — 2020 at val. $4.2B, $16.25 pps
- Venture Round — 2021 at val. $6.88B, $24.1616 pps
1) Impossible Foods Go Public with $10B IPO in the next 12 months (source)
2) Beyond Meat’s Rival Impossible Foods Gains $200M More in Funding (source)
Trading at $14–17 in the secondary market (Dec ‘22)
Stripe IPO (Forecast Q4 ’23 or Q1 ‘24)
Sorry, the information could not be disclosed.
Please contact the corporate department to request data.
Trading at $45— $52 in the secondary market (Dec ‘22)
ThoughtSpot IPO (Forecast Q3 or Q4 ’23)
- Founded Date — 2012 (HQ, Sunnyvale, CA)
- Founders — Abhishek Rai, Abhishek Rai, Ajeet Singh, Amit Prakash, Priyendra Deshwal, Priyendra Deshwal, Sanjay Agrawal, Shashank Gupta, Vijay Ganesan
Funding traction, total raised ~$678.25M
- Series A — 2012 at val. $31M, $0.88 pps
- Series B — 2014 at val. $140M, $3.13 pps
- Series C — 2016 at val. $290M, $4.94 pps
- Series C-1–2017 at val. $440M, $5.76 pps
- Series D — 2018 at val. $880M, $9.69 pps
- Series E — 2019 at val. $2B, $13.83 pps
- Corporate Round — 01.09.2021, Raised $20M from Snowflake (Source)
- Series F — Nov 2021 at val. $4.21B, $25.8 pps (Source)
1) ThoughtSpot Preps For Public Debut (source) 02/08/2021
2) Analytics startup ThoughtSpot just raised $20 million from $60 billion Snowflake — and it plans to IPO when it fulfills three goals (Source)
3) ThoughtSpot Names CFO As it Eyes Public Offering (source)
Trading at ~$18.50–20.5 in the secondary market (Dec ‘22)
DataMinr IPO (Forecast Q2 ‘23)
- Founded Date — 2009 (HQ, NY, US)
- Founders — Jeff Kinsey, Sam Hendel, Theodore Bailey
Funding traction, total raised ~$1.1B
- Series A — 2010 at val. $13.18M, $0.5 pps
- Series B — 2012 at val. $71.23M, $2.21 pps
- Series C — 2013 at val. $140M, $3.65 pps
- Series D — 2015 at val. $700M, $12.75 pps
- Series E — 2018 at val. $1.63B, $19.9 pps
- Series F — 2021 at val. $4.14B, $44 pps (source)
Dataminr has confirmed that this Series F values the company at $4.1 billion as it gears up for an IPO in 2023.
Trading at $35 — $38.5 in the secondary market (Dec ‘22)
Chime IPO (Forecast Q3 or Q4 ‘23)
- Founded Date — 2013 (HQ, SF, CA)
- Founders — Chris Britt, Ryan King
Funding traction, total raised ~$2.3B
- Series A — 2014 at val. $32.5M, $0.272 pps
- Series A2–2015 at val. $34.5M, $0.2592 pps
- Series B — 2017 at val. $90M, $0.4703 pps
- Series C/C1–2018 at val. $494M, $2.1258 pps
- Series D — 2019 at val. $1.45B, $5.22 pps
- Series E — 2019 at val. $5.82B, $17.2618 pps
- Series F — 2020 at val. $14.34B, $40.92 pps (source)
- Series G — 2021 at val. $24.76B, $69.0698 pps (source)
1) Chime has held preliminary talks with investment banks about launching a stock market flotation, which could value the financial services startup at more than $30 billion, as soon as the end of 2021.
Tucked inside a CNBC article that broke the story was news that Chime is now EBITDA profitable and could be “IPO-ready” in its CEO’s eyes in around a year’s time.
2) Chime In Talks To Go Public At $35 Billion To $45 Billion Valuation (source)
Trading at $32 — $38 in the secondary market (Dec ‘22)
Puppet Labs IPO via SPAC (No Forecast, Just Rumors)
Sorry, the information could not be disclosed.
Please contact the corporate department to request data.
Portland tech company Puppet sets 2021 target for IPO (source)
Bitfury IPO (Forecast Q4 ‘23)
- Bitfury Group is planning to go public in the next 12 months
- The crypto mining firm’s IPO would be Europe’s biggest cryptocurrency-related corporate debut.
- Bitfury’s backers include Mike Novogratz’s Galaxy Digital and Australian investment bank Macquarie.
Bitcoin mining firm Bitfury Group is planning to go public in the next 12 months in what would be Europe’s biggest cryptocurrency-related debut, The Telegraph reported. Bitfury was seeking advice from Deloitte, a New York-based consultancy, to review how ready it is to go public, according to The Telegraph. Bitfury did not respond to Insider’s request for comment. The mining firm, headquartered in the Netherlands, was valued at around $1 billion in its latest fundraising, The Telegraph said, citing company filings. Among Bitfury’s investors are Mike Novogratz’s Galaxy Digital and Australian investment bank Macquarie. Since its inception in 2011, Bitfury has been a leading full-service blockchain technology company. It is also one of the biggest private infrastructure providers in the blockchain ecosystem.
To Be Continued ➡️ Read Part 2 Part 3 Part 4
Who is Victor Koch?
Mr. Koch — serial entrepreneur, wall street worker and late-stage investor specializing in secondary shares.
Previously: Twilio, Xiaomi, iQiyi, PinDuoDuo, Tilray, Livongo, Agora, Bandwidth, Kuaishou Technology, DataRobot, Robinhood, Chime, TransferWise, Oatly, Hims, Wise, Stripe, Kopi Kenangan, Toss, Coursera.
Currently: Enflame, Intercom, Horizon Robotics, FaDaDa, Wise, Epic Games, Hai Robotics, Automattic, Fiture, TigerG, and other
Contact — here, If you are a startup building in this space — email or DM me to be included in this article.
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The content was collected from various open sources, approved by companies, and does not provide any one-stop recommendation for the purchase of shares. All data was used for only informational purposes and does not contain insider information that may be malicious or refuted by the company and SEC.
This communication does not represent an offer or solicitation to buy or sell securities. Such an offer must be made via definitive legal documentation by the buyer or seller of securities, please check the SEC rules before buying shares from any stock-suppliers.
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