Egnyte IPO: Is it Time to Ignite the Stock?

Explore ways to buy Egnyte stock as we approach a potential IPO date. Get access to pre-IPO startups like OpenAI, Databricks, and Anthropic via the Fundrise Innovation Fund. 

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Notable Egnyte News

07/24/2024: Big Tech says AI is booming; Wall Street sees a bubble
01/26/2022: Egnyte Planning for a 2022 IPO
07/23/2020: Egnyte hires new CFO 
Older news…

About Egnyte

Egnyte is a cloud-based content security, collaboration, management, and governance software-as-a-service (SaaS) platform headquartered in Mountain View, California. The company was founded in 2007 by Vineet Jain and Rajesh Ram, who saw a need for businesses to securely manage and share files in the cloud while maintaining compliance controls over their data.

Initially focusing solely on hybrid cloud storage (vs. pure cloud), Egnyte matured into a comprehensive content collaboration and data governance platform.

The company’s primary products include Egnyte Platform, which offers secure file sharing, collaboration, and governance, and Egnyte Protect, which provides advanced security and compliance features for regulated industries.

These products serve mid-sized businesses and large corporations across the finance, healthcare, and construction industries. It competes with major players like Box, Dropbox, and Microsoft OneDrive but differentiates itself through its hybrid-cloud approach and strong security features.

As data privacy and compliance regulations grow more stringent, Egnyte is well-positioned to expand by offering enhanced AI-driven security and governance tools. With a focus on innovation, the company has strong potential for continued growth in the cloud content management space.

Here’s a brief Egnyte introduction video explaining the core products: 

Ownership

Egnyte is a venture-backed startup, counting at least xx venture capital firms as investors. Employees and the founders also make up a significant portion of equity ownership. 

Egnyte has raised more than $138 million in private financing. The latest round was a Series E that closed in 2018.

Prominent venture capital investors include Goldman Sachs, Polaris Partners, Kleiner Perkins, Seagate Venture Fund, Northgate Capital, GV, Lumen Technologies, Silver Creek Ventures, Novirian Capital, Steve Blank, and the Floodgate.

Funding Rounds

WordPress Data Table Plugin

Valuation

The last confirmed Egnyte valuation is $500 million based on the Series E funding round that completed in 2018. That valuation is long outdated.  

Data from the pre-IPO marketplace Hiive suggests the Egnyte valuation is around $725 million as of Q1 2025. 

A 2022 report about a potential IPO stated the company aimed to IPO at a $1.5 billion valuation. 

IPO Potential

The Egnyte IPO date is unknown. Like many other startups, it was late to the 2021 IPO party and announced that it planned to IPO in January 2022.

Soon after, the IPO window closed. 

As a stable business that hasn’t raised new private money in several years, Egnyte is a likely IPO or acquisition candidate. However, the timing of either exit is challenging to predict. 

We’ll get clues about a future Egnyte IPO date if we learn about the hiring of an underwriter, an S-1 filing is submitted, or reporting discloses an IPO date range.

For a while now, the company has been quiet about it’s ambitions. We’ll monitor the news for reporting on its IPO potential.

How to Invest in Egnyte Stock

Most investors will not be able to own Egnyte stock via pre-IPO investing platforms because they require the investor to be accredited. 

When the Egnyte IPO date arrives, it will still be difficult for most investors to acquire IPO shares, especially being a sub-unicorn. 

The most likely way investors will be able to own Egnyte stock is to wait for the IPO and buy shares after it goes public. Though there may be other opportunities to own the stock before the IPO since employees may be looking to liquidate shares. 

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

1. Invest in Egnyte Pre-IPO

Egnyte stock has seen consistent share availability on pre-IPO investing platforms. 

This happens when employees or other early investors want to liquidate shares before the public offering. 

Investors must be accredited to be eligible to buy pre-IPO shares on most platforms.

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

These platforms have minimum investments that range from $1,000 to $50,000 or more. 

Joining pre-IPO investing platforms is free. But each venue and deal may have a minimum investment amount, varying by the deal. 

Non-accredited investors can own pre-IPO companies via venture capital funds targeted to retail investors. Venture capital funds are a new asset class that emerged in 2022.

The Fundrise Innovation Fund (review) is an excellent option for non-accredited investors as of Q1 2025. The fund holds companies like OpenAI, Anthropic, Databricks, Canva, ServiceTitan and more. But it does not hold Egnyte.  

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.

Check out our list of top pre-IPO investing platforms that may have shares available.

2. Participate in the Egnyte IPO

IPO investors may find opportunities to invest during the eventual initial public offering, acquiring shares at the IPO price before the stock begins trading.

Formerly exclusive to Wall Street’s best customers, IPO access is now more attainable to retail investors.

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 the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs, making it a good candidate for the Egnyte IPO.

However, the limited number of shares available for a $1 or $2 billion IPO may limit retail opportunities. 

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

3. Buy after the Egnyte IPO

As Egnyte employees know, waiting for the IPO can be tedious, especially when the broader markets are not enthusiastic. 

But the 2024 IPO market improved upon the previous two years, and markets seem to be receptive in 2025. 

Though waiting for the IPO can be challenging, there are advantages to waiting for the stock to become publicly traded before owning. 

The IPO allows investors to review more established financials after the first quarter of trading. Pre-IPO investing has limited financials available. 

IPO stock prices typically rise with high-demand companies and valuations can become exaggerated. IPO investors can benefit if they’re in early and sell when the price overheats, but may suffer if prices revert to fair valuations. 

Many IPOs start with high valuations. Then, the stock falls once the first and second quarterly earnings reports become available.

The stock price declines after the IPO could become excellent entry points if you were not allocated IPO shares. 

Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments. 

However, the most disruptive companies will be higher in a decade. Patience pays. 

Frequently Asked Questions (FAQs)

Is Egnyte Publicly Traded?

No. Egnyte is not publicly traded.

What is the Egnyte stock price?

A public Egnyte stock price doesn’t trade yet. It’s a private company.

The Series E funding round that was completed in 2018 priced shares at $5.08 per share. Pre-IPO marketplace data from Hiive suggest the share price is closer to $8 per share as of Q1 2025.

What is the Egnyte stock symbol?

We’ll learn what the Egnyte stock symbol will be once Egnyte files for an IPO via Form S-1 with the SEC.

We can speculate a little about what the Egnyte ticker will be. The most likely candidates are the following:

• EGNT
• NYTE

Where is the Egnyte IPO S-1 Filing?

Egnyte has not yet submitted an S-1 filing to the SEC, either confidentially or privately, according to information available in Q1 2025.

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.

Conclusion

Egnyte is a solid competitor in the cloud-based content security and governance market.

The company’s prominence in regulated industries like finance and healthcare and its AI-driven innovations suggest a steady business with moderate growth potential.

As data privacy regulations tighten globally, Egnyte’s governance should stay relevant and become even more valuable, attracting both mid-sized businesses and large corporations – and possibly suitors.

Egnyte could present a potential opportunity for investors if the company eventually pursues an IPO.

However, as a sub-unicorn with unclear growth prospects and limited alignment with exploding AI valuations, Wall Street may not be so interested. A diamond in the rough, or dead money.

An Egnyte IPO will help investors decide.