Snyk IPO: Will Snyk Stock Begin Trading in 2025?

Explore opportunities to own the stock before the Snyk IPO. Access select pre-IPO startups like OpenAI, Databricks, Anduril, and Anthropic via the Fundrise Innovation Fund.

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Recent Snyk News

12/06/2024: Snyk hits $300M ARR but isn’t rushing to go public
02/24/2024: CEO Peter McKay on a potential IPO
01/26/2024: Cybersecurity Upstarts Snyk, Cato Prepare for IPOs
12/12/2022: Snyk Closes $196.5 M Series G Funding Round
Older news…

About Snyk

Snyk is a cybersecurity startup that builds products to help cloud developers reduce software application risk.

Its core product offerings help organizations (mostly corporations, non-profits, and government entities) identify, prevent, and fix bugs causing vulnerabilities in their software and infrastructure by integrating security into the development process. This allows developers to remediate issues early in the software development lifecycle.

The platform supports several programming languages (e.g., Java, C++, JavaScript, Python, etc.) and integrates with popular development tools, hardware and cloud computing environments.

Snyk’s main offerings are Snyk Open Source, Snyk Code, Snyk Container, and Snyk Infrastructure as Code.

The products provide:

• Automated vulnerability scanning.
• Real-time bug fix advice.
• Continuous monitoring for security threats.

The company emphasizes ease of use and developer productivity, aiming to make security scalable in the development process. Snyk also offers reporting tools and compliance features that help customers maintain secure and compliant software code.

Snyk corporate headquarters are in Boston, Massachusetts.

Here’s a demo to help us understand how Snyk fits into the software development lifecycle. 

Ownership

Snyk is a venture-based startup. The primary owners include founders, employees, and venture capital firms. 

Prominent venture capital investors include Accel, G Squared, Addition, Coatue Management, BlackRock, Alkeon Capital Management, Citi Ventures, Earlybird Venture Capital, Geodesic Capital, OMERS Ventures, Franklin Templeton, Canaan Partners, Qatar Investment Authority, Boldstart Ventures, Salesforce Ventures, and GV.

Funding Rounds

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Valuation

The latest confirmed Snyk valuation is $7.4 billion based on the December 2022 Series G funding round.

Pre-IPO market data on the Hiive private marketplace and other sources indicate the current valuation is about half that amount as of Q2 2024. 

IPO Potential

The Snyk IPO date is unknown. Comments from leadership suggest a 2025 IPO is less likely than a 2026 IPO.

The Information reported in January 2024 that Snyk was preparing for an IPO.

However, Snyk CEO Peter McKay told TechCrunch in December 2024: 

We’ve got $435 million in the bank and are very close to break-even. In 2025, we won’t burn any cash, so I can pick the time when I go public. I don’t need to rush. I think the new administration will make things a little bit easier on both IPOs and M&A. We feel 2025 will be better and 2026 will be even better. Internally, we feel as though we’re ready [to IPO]. Externally, I think we’re watching.

McKay told Runtime News in February 2024 that the company has raised enough funds to maintain flexibility on an IPO timeline.  

He indicated that Snyk will not be first out of the IPO gate and watched the 2024 Presidential election. Perhaps the company is also watching the longer-term outcome of the Rubrik IPO and other cybersecurity IPOs in the pipeline. 

We’re watching where the next round of IPOs are coming in and seeing how they do. I mean, obviously, you’ve got the election in the middle there so I think everybody’s a little worried about what the implications of that could be on the public market… We’ve raised enough money to pick our time. And we’ll see enough companies go in and check and see if the water is warm, and then at some point we’ll make the move. We always saw ourselves as a public company. But I think we’re in a fortunate position where we can actually pick that timing, and that’s kind of what we’re doing.

I’ll update this page with news and updates as we learn more. 

How to Invest in Snyk Stock

Snyk’s valuation has fallen since it peaked at $8.6 billion in early 2022. 

Pre-IPO marketplaces show that early investors or employee stock owners have lost patience for an IPO and are listing shares. 

Aspiring shareholders can increase their chances of Snyk ownership by taking the actions outlined below.

1. Monitor Snyk equity availability on pre-IPO investing platforms

As of May 2024, the Hiive pre-IPO marketplace has multiple listings available for bid. Sign up for an account for detailed bid/ask activity. Sellers or investors can sign up and list shares or place bids for Snyk shares on the marketplace. 

Other pre-IPO marketplaces where investors may find opportunities include Forge Global, Equityzen, and Linqto. Expect to pay a minimum investment of $10,000, and in some cases, the minimum investment is much higher. 

Direct private stock ownership requires that investors be accredited. To be eligible, you must open an account and sign up for alerts to be notified when Snyk is available on the platform. Signing up for online access to pre-IPO data and deal alerts is free. 

Non-accredited retail investors can bypass the accreditation requirement to own pre-IPO companies such as Databricks, Anduril, OpenAI, and Anthropic by owning the Fundrise Innovation Fund.

However, Snyk stock is currently not present in the portfolio. Monitor my Fundrise Innovation Fund review for the latest additions to the fund. 

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 Snyk IPO via a broker 

Snyk has not filed for an IPO publicly or confidentially as of Q2 2024. 

When the company files, retail investors can prepare to invest in the IPO by opening accounts with the following online brokers and watching for IPO opportunities. 

• TradeStation 
• Robinhood

This website monitors growing startups and helps investors gain access to IPO shares. High-demand IPOs can provide opportunities for short-term gains. 

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

3. Invest Indirectly

Notable venture capital investors include Google Ventures (GOOG), Blackrock (BLK), and Salesforce Ventures (CRM). Retail investors can own shares of any of the parent companies to gain a small amount of investment exposure to Snyk. However, even a significant Snyk price increase would not affect the stock prices of these massive stocks. 

4. Invest after the IPO

Investing in a company after it goes public, rather than rushing to invest in it while it is still private, can offer several advantages. Here are three key benefits: 

• Enhanced Transparency and Regulatory Oversight — According to a report by the CFA Institute, regulatory requirements provide a clear picture of a company’s financial health and operational risks, reducing the likelihood of investing based on incomplete or misleading information.
• Liquidity and Market Accessibility — Publicly traded shares offer significantly more liquidity compared to private equity investments. When a company goes public, its shares are listed on stock exchanges, making it easier for investors to buy and sell shares with lower transaction costs. This liquidity provides greater flexibility to adjust investment portfolios in response to market conditions or personal financial needs.
• Market Validation and Price Discovery — The IPO process often validates a company’s value and business model. During an IPO, investment banks and underwriters perform due diligence and market the offering to institutional investors, who, in turn, set an initial trading price based on their analysis. This process helps establish a market-driven valuation, providing individual investors with a reference point that reflects broader market sentiment.

Though investors may lack the patience to invest in innovative companies, stock prices often fall after the IPO, presenting excellent opportunities for long-term buy-and-holding investors. 

Frequently Asked Questions (FAQs)

Is Snyk publicly traded?

No. Snyk is not publicly traded.

What is the Snyk stock symbol?

“SNYK” is available and will likely be the Snyk ticker. 

What is the Snyk stock price?

A public Snyk stock price does not exist because the company remains private. 

Pre-IPO data aggregator Caplight estimates the Snyk stock to be around $5.50 per share in Q4 2024.

Snyk News Archive

12/23/2021: Cybersecurity Startup Snyk Is Said to Plan 2022 IPO
09/30/2021: Snyk Secures $75 Million in Additional Funding
09/09/2021: Snyk Closes $530 Million Series F
03/10/2021: Snyk Secures Series E Investment
09/09/2020: Snyk Closes $200M Series D

Conclusion

Access IPOs believes Snyk is likely to IPO in the next 12-18 months. CEO Peter McKay has indicated that Snyk is planning an IPO but remains nimble in the specific timing, monitoring market conditions and geopolitical factors, seeing 2026 as better than 2025. 

The company has plenty of cash from previous fundraising rounds to wait for the right moment to go public. Snyk is expected to reach breakeven in 2025 and will not need cash.

Curious retail investors may explore ways to invest in Snyk before, during, and after its anticipated IPO. 

Though Snyk is private, it has attracted significant attention and investment from notable venture capital firms. 

The company’s substantial valuation drop since its December 2022 funding round has opened opportunities on pre-IPO platforms like Hiive to acquire shares below that latest confirmed valuation. Investment minimums may be too high for some investors and the pre-IPO marketplaces usually require investor accreditation.

Most investors will need to wait until after the IPO invest. But waiting offers better transparency, increased liquidity, and market validation. This strategy may mitigate the risks associated with private investments, offering investors a more informed and flexible investment environment.

Thus, while private and pre-IPO strategies can be rewarding, and retail investors may find opportunities to provide from the IPO hype, waiting for the Snyk IPO might provide a safer and more advantageous entry point.