Deel IPO: Will Investors Go All-In on Deel Stock?

Explore opportunities to invest before and during the Deel IPO date. Invest in pre-IPO companies like Databricks, OpenAI, and Anduril via the Fundrise Innovation Fund.

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Notable Deel News

05/08/2025: Rippling raises $450 million, IPO not imminent
04/25/2025: Deel countersues Rippling as rivalry escalates
04/16/2025: Rippling wants Revolut to reveal ‘spy’
04/14/2025: Rippling is trying to serve Deel’s CEO
Older news…

About Deel

Deel is a human resources (HR) software-as-a-service (SaaS) platform that helps companies manage international workforces, offering services like payroll, benefits, taxes, and local compliance for contractors and full-time employees.

It was founded in 2019 by Alex Bouaziz, Shuo Wang, and Ofer Simon, who met while studying at MIT, and was part of the Y Combinator Winter 2019 batch.

The idea for Deel came from the cofounders’ frustration with hiring and paying international workers for their previous startups, which led them to create a platform that simplifies global hiring and payments for remote teams.

The company’s technology streamlines every aspect of managing a global team, from culture and onboarding to local payroll and compliance.

Deel is focused on innovation and technology to stand out from similar products, but it’s a hypercompetitive space with Rippling being a primary competitor (and feuding partner).

Looking ahead, Deel has significant potential, with plans to expand its compliance efforts and prepare for a potential initial public offering (2026 or 2027).

Deel’s headquarters are in San Francisco, California.

Ownership

Deel is a venture-backed startup owned by the founders, employees, venture capital firms, and individual investors.

Prominent venture capital investors include Andreessen Horowitz, Spark Capital, Emerson Collective, Green Bay Ventures, Coatue, Altimeter, General Catalyst, Mubadala, Dara Khosrowshahi (Uber CEO), Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, YC Growth Fund, Nat Friedman, Ryan Petersen, John Zimmer, William Hockey, Alexis Ohanian, and Anthony Schiller.

Funding Rounds

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Valuation

The latest confirmed Deel valuation is $12 billion, based on a tender offer exchange in February 2025.

The $12 billion valuation is flat since 2022. Secondary marketplace data from Hiive and Caplight suggest the market demand for shares is below a $10 billion valuation. 

IPO Potential

The Deel IPO date has yet to be determined. However, CEO Alex Bouaziz told CNBC in February 2025: 

We are getting ready to go out, potentially next year [2026] or a bit later.

This clearly indicates that Deel intends to be a public company someday.

But Bouaziz fell into hot water in Q1 2025 after the above statement, when Rippling sued Deel for allegations of corporate espionage. 

The distraction will likely put off IPO planning until the ordeal is out in the open and settled. Business reporters are intrigued by the story, making it an unwanted but self-inflicted headache that will not go away anytime soon. 

We’ll get clues about the potential Deel IPO date when we learn about the hiring of a bank, an S-1 filing is submitted confidentially, or reporting discloses an IPO date range.

How to Invest in The Deel IPO

Most investors cannot own Deel stock via pre-IPO investing platforms because they require the investor to be accredited. 

When the Deel IPO date arrives, it will still be difficult for most investors to acquire IPO shares until after trading begins. 

The likely way investors will be able to own Deel stock is to wait for the IPO and buy shares after it goes public.

Here are some potential options to own Deel stock before, during, and after the IPO.

1. Access Deel Stock via Pre-IPO Investing Platforms

Deel is occasionally available on pre-IPO investing platforms. Availability occurs when shareholders want to liquidate some of their shares before the public offering. 

Retail investors must be accredited to be eligible to buy direct pre-IPO equity or via a special purpose vehicle (SPV).

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

Investment minimums range from $10,000 to $50,000 or more. Signing up is free. You’ll get deal alerts by being a member of the various platforms.  

Non-accredited investors can invest in pre-IPO companies via venture capital funds targeted to retail investors.

The Fundrise Innovation Fund (review) and Cathie Wood’s ARK Venture Fund (review) are the primary options for non-accredited investors as of Q2 2025.

However, investors cannot buy individual startup shares, and Deel stock is not a current holding. 

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 Deel IPO through a broker

Retail IPO investors may have an opportunity to invest during the initial public offering through a participating online broker.

Online brokers, including the ones listed below, give customers free access to IPOs, even with low account balances. 

• TradeStation 
• Robinhood 

TradeStation has a more established track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets.

Robinhood has a location advantage, being immersed in Silicon Valley venture capital networks. 

Monitor our list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy Deel stock after the Deel IPO

Waiting until after the IPO requires patience, which may offer benefits compared to owning the stock during the IPO. 

Public companies offer access to more established financial information in the S-1 and after the first trading quarter, unlike pre-IPO investing, which comes with limited financial data.

High-demand companies often see their IPO stock prices rise, but this can lead to inflated valuations. For instance, holding onto overvalued IPO stocks in 2022 resulted in negative returns for investors.

Stock price declines following an IPO can create great opportunities to invest in disruptive companies for the long term.

However, it’s advisable to avoid buying overvalued shares immediately after an IPO, as prices frequently drop due to lockup expirations and disappointing quarterly earnings reports.

Frequently Asked Questions (FAQs)

Is Deel Publicly Traded?

No. Deel is a private company.

What is the Deel Stock Price?

Deel stock doesn’t trade publicly. However, we can look to secondary marketplaces for private trade data, which can give us an estimate of the share price. 

Private market transaction data via Caplight and Hiive indicate shares are valued at around $24 as of Q2 2025. 

What is the Deel Stock Symbol?

Deel will confirm its stock symbol when it files for an IPO via Form S-1 with the SEC.

The Deel ticker symbol will likely be “DEEL”.

Where is the Deel IPO S-1 Filing?

The Deel S-1 filing has not been released to the public, and there is no indication of a confidential filing. The CEO has indicated the company would IPO in 2026 at the earliest. 

The document will become available if the company submits it 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.

Deel News Archive

03/17/2025: Rippling Sues Deel
02/04/2025: Deel prepares for IPO as soon as 2026
10/18/2021: Deel Raises $425M in Series D Funding
04/21/2021: Deel Raises $156M, Reaching Unicorn Status
09/09/2020: Deel Raises $30 Million in Series B Funding

Conclusion

As companies decentralize and talent disperses across borders, Deel has positioned itself at the heart of this transformation by offering a scalable and comprehensive HR solution to an increasingly complex problem.

An IPO would serve as a liquidity event for early investors and an opportunity for long-term retail investors.

However, the high-stakes legal battle with Rippling could substantially delay the IPO and serves as a reminder that fast-growing startups often clash not only with incumbents, but also with each other.

For investors, that tension creates both risk and opportunity, particularly in a space where the market is still defining its winners.

Patience and due diligence may reward those who wait until post-IPO valuations settle, rather than chase early hype.

Stagnant valuation growth since 2021 reflects both the initial excitement over ARR growth and the growing pains of operating in a competitive landscape.

Investors looking to participate in Deel’s growth can monitor pre-IPO investing platforms for availability and prepare for a potential Deel IPO within the next 24 months.