1Password Stock: IPO Access Granted or Denied?

Explore opportunities to invest in 1Password stock as the IPO date approaches.

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Notable 1Password News

11/21/2024: 1Password Interviewing Banks for Possible 2025 IPO
11/12/2024: 1Password Appoints David Faugno as co-CEO
08/29/2024: 1Password Welcomes Mark Anderson to BOD
Older news…

About 1Password

1Password (owned by AgileBits) is a private online password management company founded in Toronto, Canada, by Roustem Karimov and Dave Teare in 2006.

It was originally a side project to improve their personal password convenience and safety, but they turned it into a business as they recognized the growing need for digital security tools.

Its flagship product is a password manager that helps users securely store, generate, and share passwords

1Password serves a diverse customer base, including individuals, families, and over 150,000 businesses. Its user-friendly design and advanced security features have positioned it as a trusted solution with growing demand.

The company addresses personal and enterprise-level needs with offerings like secure vaults, biometric login, document storage, secret management, and password breach monitoring.

As our lives become more centered around online activity, 1Password is positioned to capitalize on the increasing need for convenient password management and cybersecurity tools. The company’s stable recurring revenue model and sticky service are critical components for a high-profile SaaS IPO.

Ryan Reynolds is a venture capital investor:

Ownership

1Password is a venture-backed startup. The company waited 14 years before securing its first venture capital investment. Current equity owners include the founders, employees, venture capital firms, and individual investors.

Prominent venture capital investors include Accel, Slack Fund, ICONIQ Growth, Tiger Global, Lightspeed Venture Partners, and Backbone Angels.

Well-known individual investors include Mike Cannon-Brookes, Scott Farquhar, and Jay Simons of Atlassian, George Kurtz (CrowdStrike), Mary Barry (GM), Jeff Weiner (LinkedIn), Ryan Reynolds, Robert Downey Jr., Scarlett Johansson, Pharrell Williams, Matthew McConaughey, and Justin Timberlake.

Funding Rounds

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Valuation

The latest confirmed 1Password valuation is $6.8 billion based on the Series C funding round completed in January 2022. 

Pre-IPO marketplace transactional data is not reliable enough to estimate a more recent valuation. 

IPO Potential

An exact 1Password IPO date has yet to be determined. 

However, in November 2024, Bloomberg reported the company was talking to investment banks about a potential 2025 IPO.

ServiceTitan’s successful December 2024 IPO suggests other SaaS companies may be comfortable moving forward with IPOs in the coming year. 

We’ll get more clues about a potential 1Password IPO date if the company selects a lead bookrunner or reporters discover the existence of a confidential S-1 filing. 

An S-1 filing (confidential or public) is the most positive sign that an IPO may be forthcoming. 

Due to 1Password’s individual and family user base, we hope to see a directed share program offering IPO shares to customers (see Directed Share Program below).

How to Invest in 1Password Stock

The most likely way for most investors to own 1Password stock is to wait for the IPO and buy shares after it goes public. As a private company, shares are not readily available to non-accredited investors. 

Furthermore, 1Password shares are relatively scarce on pre-IPO secondary markets, indicating a tight cap table and internal rumblings of a forthcoming IPO. 

Savvy investors may find opportunities to own the company before and during the IPO. Here are some potential options to own 1Password stock before, during, and after the IPO.

1. Access 1Password stock pre-IPO

Pre-IPO investment platforms may offer 1Password stock for early purchase as employees or early investors seek to sell some of their shares before the 1Password IPO. This becomes more likely when companies wait longer to IPO. 

With 1Password’s leaked intentions about pursuing an IPO, opportunities may become even more scarce.

Accredited investors may find access to direct shares provided they are registered on the various platforms and receive notifications about their availability.

Monitor pre-IPO investing platforms such as Hiive, Forge Global, EquityZen, and Linqto for share availability.

Investment minimums on these platforms range from $2,500 to $50,000, and deal-specific minimum investment amounts will vary.

Venture capital funds are a new asset class that emerged in 2022 that allows non-accredited investors to own pre-IPO startups. Investors can own other AI private stocks like OpenAI, Anthropic, and Databricks in lieu of 1Password. 

The Fundrise Innovation Fund (review) is the most promising for patient, long-term investors. It holds multiple AI and technology startups. U.S.-based investors can make their first investment for $10. 

However, 1Password is not currently a fund holding. 

Check out our top pre-IPO investing platforms for the latest share availability. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Participate in the 1Password IPO through a broker

When a company eventually goes public, some investors can buy the stock during the IPO at the IPO price. 

In the past, only Wall Street’s top customers could invest in IPOs. But now, ordinary investors can access IPOs through participating discount brokers. 

Some online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.

• TradeStation 
• Robinhood 

TradeStation has a more established track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets (formerly ClickIPO). Investors need at least $500 in their accounts to be eligible.

Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Participate in the Directed Share Program (customers)

A directed share program (DSP) is a filing and allocation mechanism that allows companies to allocate IPO shares to specific individuals or groups, such as employees, executives, family members, customers, or other stakeholders.

Access to IPOs can strengthen customer relationships by enabling participants to invest directly in the company’s long-term success.

Typically, DSP participants receive an invitation to purchase shares through a brokerage account set up for the offering.

These programs are limited in scope (usually about 5% of the offering) and only offer shares to customers of a certain tenure or seniority. Uber, Airbnb, and Reddit all famously offered IPO shares to certain customers (for example, Uber drivers who completed 5,000+ trips). 

Read the S-1 filing and monitor your emails a few weeks before the IPO to see if 1Password offers IPO shares to customers. 

4. Buy the stock after the 1Password IPO

Waiting for an IPO allows DIY investors to better analyze a company’s financials compared to pre-IPO investing, where transparency can be elusive on many secondary marketplaces.

High-demand companies often debut with inflated valuations, which can put their shares at risk of losses during subsequent market corrections.

Additionally, stock prices may decline after early earnings reports, creating opportunities for long-term investors.

Factors such as lockup expirations and earnings surprises can also affect the prices of recent IPOs. If IPO investors can access shares at the IPO price, they may be in a position to benefit from an IPO pop.

But avoid chasing overvalued IPO stocks. 

Frequently Asked Questions (FAQs)

Is 1Password publicly traded?

No. 1Password is not publicly traded. It is a private company. 

What is the 1Password stock price?

Since 1Password is not publicly traded on a stock exchange, there is no public 1Password stock price yet.

Pre-IPO marketplace data can usually offer some guidance on a current fair price. However, due to the lack of private 1Password transactions, we cannot provide a stock price estimate at this time.

Be skeptical of websites estimating a 1Password stock price; accurate information is not publicly available.

What is the 1Password stock symbol?

There is no 1Password stock symbol because the company is private.

The company may reserve a stock symbol while planning for an IPO. The reserved symbol will be revealed when the S-1 filing is released to the public.

We can speculate on potential stock symbols. The following ticker symbols are available in the U.S.:

• PASS
• ONEP

Where is the 1Password IPO S-1 Filing?

The 1Password S-1 filing has not been released to the public, and there is no indication of a confidential filing yet.

The document will become available if the company submits filings to the SEC and the regulatory commission approves and releases it to the public. 

We’ll post a copy of the S-1 filing on this page when it becomes available.  

You can monitor the most recent S-1 IPO filings on this website.

News Archive

07/27/2021: Accel doubles down on 1Password Series B
11/14/2019: 1Password partners with Accel for continued growth

Conclusion

As 1Password approaches its possible IPO, the company is well-positioned where innovation and trust meet market opportunity.

The company’s customer-centric design and security have established it as a top provider in the password management space.

The growing importance of digital security (an annoyance of managing hundreds of logins and passwords) underscores the value of its SaaS model, offering cloud-based scalability and financial predictability for potential investors.

Investments by high-profile venture capitalists and celebrities (like Ryan Reynolds and Justin Timberlake) validate the public’s perception of the company and enhance its broader appeal, which could accelerate demand leading up to its public debut.

The scarcity of pre-IPO shares and its market entry’s strategic timing (headed into 2025) suggest a cautious but calculated path forward.

As a trusted customer-first company, offering users access to the 1Password IPO would demonstrate a long-term commitment to those who got them to this stage.