How to Buy or Sell Miro Stock Before the IPO
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Table of Contents
Recent Miro News
10/12/2022: Miro Launches Miro Labs
01/05/2022: Miro raises $400M in Series C
04/27/2020: Miro Secures $50 Million in Series B Funding
About Miro
Miro is a workplace productivity software-as-a-service (SaaS) company. Its product provides a digital platform to empower teams to collaborate, visualize, and brainstorm remotely or in person.
The digital whiteboarding functionality lets teams draw diagrams, share ideas, and map out work as if they are in an office with a regular whiteboard.
Miro and its user base provide thousands of templates to help teams get started and hundreds of integrations to connect with other productivity and office software products.
Digital collaboration tools have become increasingly popular since the COVID-19 pandemic as workers are more frequently scattered and remote. Miro differentiates itself from other tools such as Atlassian, Asana, Notion, or Airtable with a best-of-breed whiteboarding capability.
The company is profitable but has used venture capital funding to accelerate growth. It now boasts 50+ million users and claims it services “99% of the Fortune 100 companies”. I’m curious which one doesn’t use it.
Miro was founded in 2011 as RealtimeBoard and rebranded in 2019. Its primary offices are in San Francisco and Amsterdam.
Here’s a high-level demonstration of the software platform.
Ownership
Miro is a venture-backed late-stage startup. Equity owners include the founders, employees, and venture capital firms.
The company has conducted multiple venture capital funding rounds. The most recent round was a Series C that raised $400 million that completed in January 2022.
Miro has raised $476 million to date.
Prominent venture capital and corporate investors include ICONIQ, Accel, AltaIR Capital, Atlassian, Datadog, Dragoneer, GIC, Gitlab, Salesforce Ventures, Snowflake, and TCV.
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series C | 12/07/21 | $17.50B | $400.00M | $ 35.92 |
| Series B | 04/22/20 | $725.00M | $50.00M | $ 8.40 |
| Series A | 11/07/18 | $147.00M | $25.00M | $ 1.82 |
| Seed Round | 06/30/18 | $9.30M | $1.30M | $ 0.15 |
| Source: Caplight |
Valuation
The January 2022 Series C funding round established the Miro valuation at $17.5 billion.
Like many public and private tech peers, the true Miro valuation is likely lower than its last funding round. An updated public Miro valuation will be declared if the company raises more funds or pursues an IPO.
Data from the Hiive pre-IPO marketplace suggests the Miro valuation has at least halved as of Q2 2024.
IPO Potential
The Miro IPO date is currently unknown. Despite being profitable, the company has raised significant private funding from multiple high-profile venture capital firms to finance growth.
A profitable SaaS company with 50+ million users would be an attractive Wall Street stock. Its lofty valuation makes it an unlikely takeover candidate.
Therefore, Miro is likely to go public when market conditions improve.
It may not be the first SaaS IPO in the next wave of IPOs, but it could be the first profitable one, commanding a price premium.
Rippling, Airtable, Addepar, and human resources SaaS company Gusto are likelier to dip their toes first.
Miro may also complete one more additional private funding round to increase its private valuation, thereby generating IPO demand for its eventual public offering.
Please bookmark this page to follow along as we approach the Miro IPO date.
How to Buy or Sell Miro Stock
Miro stock is not publicly traded today. However, investors can explore pre-IPO opportunities to own shares before Wall Street. Sellers who own Miro can submit shares to pre-IPO marketplaces such as Hiive to find a buyer.
However, most investors will need to wait until the IPO is complete to invest.
Here are four potential ways to invest in Miro stock before, during, and after the IPO.
1. Access shares via pre-IPO investing platforms
Considering the large number of private and venture capital investors and significant Series C valuation ($17.5 billion), there are opportunities to acquire shares of Miro stock on pre-IPO investing platforms.
Employees and early investors have no other liquidity options until the Miro IPO.
The author has seen evidence of pre-IPO availability on multiple pre-IPO platforms, including Hiive, EquityZen, Forge Global, and Linqto. Investors must meet the SEC accreditation standard to be eligible for direct investment.
Minimum investments on these platforms range from $5,000 to $50,000 or more.
Non-accredited investors can own venture capital funds with lower minimum investments such as the Fundrise Innovation Fund ($10 minimum to invest) to get pre-IPO company access for their portfolios.
However, Miro is not a holding in the fund.
Check out our list of the best pre-IPO investing platforms for current platforms that may have shares available.
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. Buy the stock during the Miro IPO through a participating broker
As the Miro IPO approaches, retail IPO investors can monitor online brokers offering free IPO investing to see if there’s an opportunity to invest. S-1 filings sometimes indicate participating online brokers as well.
Large brokers such as Fidelity and Charles Schwab sometimes offer IPO allocations to customers but distribute them to their wealthiest clients. That only helps some of us.
However, multiple brokers now offer the chance to invest in IPOs. Here are the most active IPO brokers.
Typically only one of these will get exclusive IPO access to high-demand deals.
Here’s a list of the top brokers for IPO investing.
If your broker offers IPO access, join the email and text alerts for upcoming IPOs. There are no guarantees you’ll receive shares when a deal is live, but you’ll be surprised by the number of IPOs available.
It is helpful to open and fund your account ahead of time. Some brokers require “settled” cash to invest in IPOs. It takes a few days for cash to settle from bank transfers, and there may not be enough time if the IPO is imminent.
3. Buy the stock after the Miro IPO
Most investors are not eligible for direct pre-IPO shares, and getting allocations in any IPO is challenging.
The best chance of owning Miro stock is to wait for the IPO and buy it after. This is not the news most investors want to hear, but it’s the reality.
Often, IPO prices jump on the first day of trading, so it may make sense to wait a few quarters before owning the stock to let the price volatility settle.
You may find discounted opportunities to own Miro stock months after the IPO.
Miro Competitors
Miro’s competitors include Asana, Mural, Microsoft, Jiro (Atlassian), Airtable, Basecamp, Trello, Notion, ClickUp, and Evernote.
Frequently Asked Questions (FAQs)
Is Miro Publicly Traded?
No. Miro is not publicly traded. It is a private venture-backed startup.
What is the Miro Stock Price?
Miro is private. There will be no public stock price until the Miro IPO or a SPAC.
The January 2022 funding round stock price was about $36 per share. Pre-IPO marketplace data indicates shares are available in the $9-$14 range as of Q2 2024.
What is the Miro Stock Symbol?
There is no Miro stock symbol yet because the company is private and has yet to file an S-1 with the SEC.
Miromatrix Medical has the rights to the “MIRO” stock symbol. So, Miro, the software collaboration company, will need to find another.
We can only speculate about the U.S. Miro ticker. Here are a few suggestions:
- WBRD
- WHIT
- WHTB
Where can I find the Miro IPO S-1 Filing?
To the public’s knowledge, Miro has not submitted an S-1 filing with the SEC. The company will likely submit a confidential S-1 a few months before the IPO, then release the filing once it is qualified by the SEC.
We will embed a copy of the S-1 filing on this web page for reference when it is available.
Conclusion
Investors want to own companies riding extraordinary trends (SaaS, remote work, online collaboration). But buying stock early on can often prove difficult for retail investors.
Miro is a large enough company with a history of significant venture capital raises that retail investors are better positioned to acquire shares before the IPO.
We don’t know the Miro IPO date, but we anticipate it will go public during the next wave of SaaS and tech IPOs.
Pre-IPO investing platforms provide new opportunities to own high-demand startups. But private venture capital investing is still primarily reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies.
So if you decide to pursue IPO shares or early equity, maintain reasonable expectations. Acquiring Miro stock before or during the Miro IPO won’t be easy.
Waiting until after the IPO is sometimes a way to buy discounted shares, as hefty post-IPO valuations can turn into retail investor losses.
If Miro stock is on your acquisition list, good luck. Invest in pre-IPO and IPO companies with caution.
Read more: SaaS Startups for Organizations
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. A DIY investor since 1995, he started Access IPOs in 2016 to provide a resource for ordinary investors pursuing access to IPOs. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
* This is a testimonial in partnership with Fundrise, Hiive, and other affiliate partners. We earn a commission from partner links on AccessIPOs.com. All opinions are my own. If you sign up with one of our partners through certain on this website, Access IPOs will be compensated at no additional cost to the reader. See the full disclosure here. Risk Statement: Investing in IPOs and pre-IPO startups involves significant risk. Do not invest in companies based solely on what is included in this article. Only invest in IPOs and pre-IPO companies with money you can afford to lose. Access IPOs is for informational purposes only. Mentions of specific investments should not be construed as financial advice. Conduct personalized research and consider consulting with an investment advisor before investing.
