Explore opportunities to own Notion stock before and during the Notion IPO when it arrives. Get access to select pre-IPO startups at Equitybee.
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Notion Stock IPO Recent News
10/08/2021: Notion Reaches $10 Billion Valuation
04/01/2020: Notion hits $2 billion valuation in new raise
07/18/2019: Notion Labs Hits $800 Million Valuation
What is Notion?
Notion is a workplace productivity and collaboration software platform for individuals, teams, and businesses. The company operates as a cloud-native software-as-a-service (SaaS) business.
The platform provides an all-in-one tool for project management, wikis, note-taking, task lists, document storage and organization, and team collaboration. Notion has also added an AI component to help automate tasks and suggest operational improvements.
It has a limited-capability free version to attract new customers and tiered paid versions that offer full access.
The company was founded in 2013 in San Francisco.
Here’s a brief video overview of the product.
Is Notion Stock Publicly Traded?
No. Notion is a private company.
Who Owns Notion?
Notion 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 (also referred to as “Seed 6”) that raised $275 million. That round was completed in October 2021 at the height of the 2021 IPO euphoria, leading to a lofty post-money valuation.
Notion has raised $343 million to date.
Prominent venture capital investors include Coatue, Sequoia Capital, Bossanova Investimentos, CSC UpShot Ventures, Chasella, Draft Ventures, Felicis Ventures, First Round Capital, Index Ventures, Permian Bank Capital, SVA, Shine Capital, and Base10 Partners.
Notion Valuation
The October 2021 Series C funding round confirms the Notion valuation at about $10 billion. This number is a bit misleading after many growth stocks and startups lost tremendous value in 2022 and 2023.
As with many of its public and private peers, the true Notion valuation is likely lower than its last funding round. However, we cannot confirm any private transactions since 2021.
When is the Notion IPO Date?
The Notion IPO date is currently unknown.
IPO volume slowed in 2022, further exacerbated by the Silicon Valley bank failure in 2023. But the Cava IPO proved there is an appetite for high-growth companies.
However, we don’t expect a noticeable increase in IPO volume until late 2023 or 2024 at the earliest. We also do not anticipate Notion is in line to be an early SaaS IPO. The company will likely wait until other SaaS companies hold IPOs before pushing forward.
Rippling, Airtable, Addepar, and human resources SaaS company Gusto are likelier to dip their toes first.
Notion may also want to delay its IPO even further to grow its recurring revenue to support its inflated private valuation.
Bookmark this page to follow along as we approach the Notion IPO date.
What is the Notion Stock Price?
Notion is private. There will be no public stock price until the Notion IPO or a SPAC. A private share price is not available.
What is the Notion Stock Symbol? Notion Ticker?
There is no Notion stock symbol yet because the company is private and has yet to file an S-1 with the SEC.
We can only speculate about the U.S. Notion ticker. Here are a few suggestions:
- NO
- NTN
- NOTN
How to Buy Notion Stock
Notion stock is not publicly traded today. However, investors can explore pre-IPO opportunities and attempt to participate in the Notion IPO.
Most investors will need to wait until the IPO is complete to invest.
Here are four potential ways to invest in Notion stock before, during, and after the IPO.
1. Access shares via pre-IPO investing platforms
Considering the number of private and venture capital investors (around 32), there may be an opportunity to buy Notion stock on pre-IPO investing platforms.
But the author has yet to see evidence of pre-IPO availability on any of the major platforms.
Shares may become available if early investors or employees want to cash out before the IPO. This can become more likely if the company raises another fresh round of private equity capital.
The SEC requires direct pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
A few platforms have evolved to allow equity owners to fund stock options or liquidate holdings before the IPO.
Equitybee provides accredited investors access to pre-IPO startups by funding employee stock options. In exchange, investors gain a portion of the future stock value.
Other pre-IPO platforms include EquityZen, Forge Global, and Linqto.
Non-accredited investors can own venture capital funds such as the Fundrise Innovation Fund ($10 minimum to invest, review) and the ARK Venture Fund, exclusively available at Titan Invest ($500 minimum) to own pre-IPO startups.
However, Notion is not yet a holding in either 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 after the Notion IPO
Most investors are not eligible for direct pre-IPO shares, and getting allocations in any IPO is challenging.
The best chance of owning Notion 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 Notion stock months after the IPO.
3. Buy the stock during the Notion IPO through a participating broker
Interested retail IPO investors can monitor online brokers offering free IPO investing to see if there are opportunities to invest in the Notion IPO when it arrives.
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 prominent:
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, but shares may be worth pursuing some deals.
It is also 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.
4. Participate in the Directed Share Program (If Available)
Another possibility (far from a certainty) is a Notion directed share program.
When companies file their S-1 SEC filing, they sometimes include a directed share program for executives, affiliates, and others who helped it grow.
Notion can attribute success to its monthly paying customers. As such, the company may offer IPO shares to customers.
This has happened before.
Uber offered shares to drivers that completed a certain number of trips.
GoPro offered shares to its email list.
Airbnb offered IPO shares to hosts.
Rivian offered IPO shares to truck buyers.
Considering Notion’s recurring revenue model and engaged user base, offering its customers access to the IPO would be a reasonable perk.
However, Notion primarily sells to enterprise customers, so a directed share program may not be appropriate for the company.
If you’re a paying customer, monitor your Notion emails as the Notion IPO approaches. May get a shot at IPO shares.
Bookmark this page for more information as the IPO approaches.
Notion Competitors
Notion competitors include Asana, Atlassian, Airtable, Basecamp, Miro, Trello, and Evernote.
Where can I find the Notion IPO S-1 Filing?
To our knowledge, Notion 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.
Conclusion
Investors want to own companies riding extraordinary trends (SaaS, online collaboration). But buying stock early on can often prove difficult for retail investors.
Pre-IPO investing platforms have given us more opportunities to own 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. It won’t be easy acquiring Notion stock before or during the Notion IPO.
Waiting until after the IPO is sometimes a way to buy discounted shares, as hefty post-IPO valuations can turn into retail investor losses.
However, if you identify several favorite IPO companies, you may eventually be able to invest in some of your target companies and participate in IPO gains.
If Notion stock is on your acquisition list, good luck. Invest in pre-IPO and IPO companies with caution.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long ABNB, RIVN, the Fundrise Innovation Fund, and the ARK Venture Fund.
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