Ramp IPO: Will Ramp Stock Begin Trading Next Year?
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Explore opportunities to own the fintech startup Ramp stock as the IPO date approaches. Invest in Ramp via the Fundrise Innovation Fund which disclosed an investment in late 2024. All U.S.-based investors 18+ are eligible to invest. The minimum investment is $10
Table of Contents
Recent Ramp News
11/27/2024: Ramp Seeks Valuation Bump to $11 Billion
11/22/2024: Fundrise Purchases a Stake in Ramp
06/26/2024: CEO says Ramp is just scratching the surface
04/17/2024: Ramp announces Series D-2 capital raise
Older news…
About Ramp
Ramp is a fintech startup offering corporate credit cards, expense and travel management, procurement, and accounts payable software to small startups and large enterprise organizations. It helps companies automate tedious expense and reporting tasks.
The company was founded in 2019 by the founders of Paribus, a pricing tracking app acquired by Capital One.
The corporate credit card and expense management area of fintech is crowded, with Brex, Gusto, Navan, and Rippling increasingly overlapping each other with similar product offerings. Ramp stands out as a well-funded late-mover, improving the user experience and technology stack to position itself for scaling.
Here’s a brief corporate credit card and expense management software demo.
Ownership
Ramp is a venture-backed startup with several firms participating in multiple funding rounds since 2019.
Prominent venture capital investors include Coatue, Founders Fund, Thrive Capital, Redpoint Ventures, Stripe, Goldman Sachs, Contrary, Spark Capital, Altimeter Capital, Kinetic, ICONIQ, Flexport, General Catalyst, and Citi Ventures.
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series D2 | 04/16/24 | $7.65B | $150.00M | NA |
| Series D | 08/21/23 | $5.80B | $339.00M | $ 20.00 |
| Series C3 | 03/31/22 | $8.10B | $750.00M | $ 30.00 |
| Series C | 09/05/21 | $3.90B | $350.75M | $ 15.00 |
| Series B | 04/07/21 | $1.10B | $65.69M | $ 4.75 |
| Series A | 12/16/20 | $211.87M | $31.87M | $ 1.02 |
| Series A | 02/11/20 | $75.49M | $15.49M | $ 0.58 |
| Source: Caplight |
Valuation
The latest confirmed Ramp valuation is $7.65 billion based on the Series D2 funding round completed in April 2024.
In November 2024, The Information reported Ramp is seeking a tender share sale at a $11 billion valuation.
Pre-IPO platform data from Hiive and Caplight suggests the valuation remains near the April 2024 level as of December 2024.
IPO Potential
The Ramp IPO date has yet to be determined. Ramp is an eventual IPO candidate but is still a relatively new company. I expect a wave of similar companies to IPO in the next few years, but I do not expect Ramp to be the first out of the gate.
Navan, Gusto, or Brex are more likely to IPO before Ramp. Ramp conducted a large 2024 funding round, providing significant cash for operations in the near term. Another private round (Series E) may transpire before the IPO.
However, if other HR SaaS companies go public successfully in the next 12 to 18 months, Ramp may choose to move forward with an IPO.
We’ll get clues about a potential Ramp IPO date if the company hires an underwriter, files an S-1 (confidentially or public), or if reporters uncover a forthcoming Ramp IPO date range.
How to Invest in Ramp Stock
Most individuals cannot own Ramp stock via pre-IPO investing platforms because of the SEC accreditation requirement.
Furthermore, due to anticipated high demand, it will be difficult for most investors to acquire IPO shares if and when the Ramp IPO date arrives.
Therefore, the most likely way investors can own Ramp stock is to wait for the IPO and buy shares after it goes public.
But savvy pre-IPO investors may find opportunities to own the company before the IPO.
Here are some potential options to own Ramp stock before, during, and after the IPO.
1. Access Ramp stock pre-IPO
The Fundrise Innovation Fund (review) purchased a stake in Ramp, disclosing the holding in late 2024. U.S.-based investors can make their first investment for $10, thus, gaining investment exposure to Ramp stock.
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.
Direct pre-IPO investment platforms may also offer Ramp stock for early purchase as employees or early investors seek to sell some of their shares before the Ramp IPO. Accredited investors may access shares, provided they are registered on the platform 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.
Check out our top pre-IPO investing platforms for the latest share availability.
2. Participate in the Ramp IPO through a broker
When a company eventually goes public, investors can buy the stock during the IPO at the IPO price.
Often, only Wall Street’s top customers can 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 has a more established track record of accessing more than 360 IPOs and secondary offerings via its partnership with ClickIPO.
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. Buy the stock after the Ramp IPO
Waiting for the IPO provides access to established financials after the initial trading quarter, whereas pre-IPO investing has reduced transparency.
High-demand companies may be overvalued at the time of their public offering, selling shares near their peak. Share may be at risk of significant losses upon market corrections.
Despite high initial valuations, stock prices sometimes decline after the first and second-quarter earnings reports post-IPO. For example, Rivian and Robinhood dropped over 80% six months after their 2021 IPOs. 2021 was an anomaly but demonstrates the risk of chasing overvalued IPOs.
While stock price declines can make good entry points for long-term buy-and-hold investors, watch out for lockup expirations and earnings discrepancies as they may impact price movements.
Patience is essential. The most disruptive companies may perform better over time.
Frequently Asked Questions (FAQs)
Is Ramp Publicly Traded?
No. Ramp is not publicly traded. It is a private company.
What is the Ramp Stock Price?
A public Ramp stock price does not exist. Ramp completed its April 2024 Series D funding round at an estimated stock price of $26.40 per share.
What is the Ramp Stock Symbol?
There is no Ramp stock symbol because the company is private. The company may reserve a stock symbol while planning to file for an IPO. The reserved symbol will be revealed when the S-1 filing is released to the public.
Though private information regarding forthcoming IPOs typically leaks to the press, startup stock symbols are usually not confirmed until the filing.
Here is one Ramp ticker suggestion that is currently available.
- RMP
“RAMP” is currently occupied by LiveRamp Holdings.
Where is the Ramp IPO S-1 Filing?
The Ramp S-1 filing has not been released to the public, and there is no indication of a confidential filing.
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
08/22/2023: Ramp raises $300 M at a lowered valuation of $5.8 Billion
08/24/2021: Ramp raises $300M to build its finance automation
04/08/2021: Ramp raises $115M, reaches $1.6B valuation
12/17/2020: Ramp raises $30M
Conclusion
Product users and potential investors may become excited when they discover companies capitalizing on macroeconomic trends like modernized human resource platforms and software-as-a-service (SaaS) companies like Rippling and Carta.
Buying stock early on can be challenging for retail investors despite wanting to own the company.
Multiple pre-IPO platforms now provide opportunities for ordinary investors. But venture capital investment is still primarily reserved for the ultra-wealthy, meaning investors need significant wealth to invest in seed and early funding rounds.
The risks of owning pre-IPO stocks may outweigh the potential gains, so proceed cautiously.
When pursuing IPO shares and early equity in Ramp stock, have reasonable expectations. Shares may be unavailable or restricted to ordinary investors looking to own the stock.
Invest in pre-IPO and IPO companies with caution. Good luck if the Ramp IPO is on your watch list.
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.
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.
