Explore potential ways to participate in the ThoughtSpot IPO before ThoughtSpot stock begins trading. Get access to select pre-IPO startups with the Fundrise Innovation Fund * — $10 minimum to invest.
Recent ThoughtSpot IPO News
06/23/2022: ThoughtSpot aims to democratize the data stack with Snowflake
05/11/2022: ThoughtSpot To Build The Democratic ‘Modern’ Data Stack
03/04/2022: ThoughtSpot CEO on ‘radical candor’ and preparing for IPO
11/15/2021: ThoughtSpot Raises New Funding at $4.2B Valuation
03/09/2021: Snowflake Ventures Invests in ThoughtSpot
08/28/2019: ThoughtSpot hauls in $248M Series E on $1.95B valuation
05/19/2016: Investors serve up $50 million for ThoughtSpot
What is ThoughtSpot?
ThoughtSpot is an artificial intelligence(AI)-powered cloud data analytics and business intelligence company for enterprise organizations. The company brings the power of natural language search queries to non-technical users by translating text questions into database queries.
It was founded by a team of engineers from Google and Oracle looking to compete with analytics companies such as Tableau, which Salesforce acquired.
Co-founder Ajeet Singh also cofounded Nutanix, a cloud software company that IPO’d in 2016.
ThoughSpot enables self-service analytics queries that use AI to return text answers, data tables, and charts. The platform integrates with major cloud providers such as Google Cloud and Amazon’s AWS and analyzes data sources from large cloud storage companies such as Databricks.
Cloud data warehouse company Snowflake invested $20 million in ThoughtSpot, tightening their partnership.
ThoughtSpot calls itself the Modern Analytics Cloud company. Its mission:
We believe the world would be a better place if everyone had quicker, easier access to facts. Our search and AI-Powered analytics platform makes it simple for anyone at your organization to ask and answer questions with data.
The company is headquartered in Mountain View, California.
Here is a product demo video showing off its capabilities:
Is ThoughtSpot Stock Publicly Traded?
No. ThoughtSpot is a private company.
Who Owns ThoughtSpot?
ThoughtSpot is a venture-backed private company. Shareowners include the founders, employees, and a bevy of top-tier venture capital firms and venture arms of data-centric public companies.
The company has raised $674 million billion in private funding.
The latest Series F funding round raised $100 million in November 2021.
Prominent venture capital investors include Australia Future Fund, Capital One Ventures, Fidelity, GIC, General Catalyst, Geodesic Capital, Hewlett Packard Pathfinder, Khosla Ventures, Lightspeed Venture, March Capital, Sapphire Ventures, Silver Lake Management, and Snowflake Ventures.
The November 2021 Series F funding round verifies the current ThoughtSpot valuation post-money to be about $4.4 billion. Private transactions on prominent pre-IPO platforms suggest a significant discount to that valuation.
When is the ThoughtSpot IPO Date?
The ThoughtSpot IPO date is currently unknown.
CEO Sudheesh Nair has repeatedly indicated that ThoughtSpot would benefit most from an IPO. IPO discussions were held in 2019 and 2020, but recent chatter has quieted, likely due to the slowdown in IPO volume and unfavorable market conditions.
ThoughtSpot has completed two acquisitions, suggesting it does not plan to be acquired. However, several large cloud companies may be interested in owning ThoughtSpot, with Snowflake being the most likely candidate due to its $20 million investment.
Watch for hiring an underwriter or a confidential ThoughtSpot IPO filing in the coming year.
Bookmark this page for the latest developments.
What is the ThoughtSpot Stock Symbol? ThoughtSpot Ticker?
ThoughtSpot stock symbol does not yet exist because it is a private company.
Here are a few ThoughtSpot ticker suggestions that appear to be available in the U.S.:
Note that SPOT is the stock symbol for Spotify.
The ThoughtSpot stock symbol will be revealed when the company releases its S-1 SEC filing documentation to the public.
What is the ThoughtSpot Stock Price?
A public ThoughtSpot stock price does not exist because the company is private.
Can You Access ThoughtSpot Shares via Pre-IPO Marketplaces?
The author has seen evidence of ThoughtSpot stock availability on prominent pre-IPO investing platforms based in the U.S. through venture capital funds.
A recent fund offering offered access to ThoughtSpot shares at a significant discount to its latest funding round valuation.
More shares can become available if shareholders need to cash out before a public offering. It may become more likely another round of private equity capital is raised or if market volatility reduces IPO volume.
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).
Two venture capital funds have emerged that accept investments from non-accredited investors. But neither fund owns ThoughSpot at this point.
Check out our list of top pre-IPO investing platforms for current share availability.
How to Invest in ThoughtSpot Stock
Since ThoughtSpot is a private company, it is difficult to become an equity owner before the IPO.
However, you can improve your chances of early equity ownership or acquiring shares in the IPO by taking action today.
Accredited typically may have a better chance of investing via pre-IPO investing platforms.
1. Access ThoughtSpot Stock via Pre-IPO investing platforms
The author has seen some evidence of ThoughtSpot stock being available on multiple pre-IPO platforms.
Investors can monitor pre-IPO investing platforms such as EquityZen, Equitybee, Forge Global, and Linqto for opportunities.
Expect to pay $5,000 to $10,000 investment minimums. Signing up for online access to pre-IPO data and deal alerts is free.
Pre-IPO investing platforms empower investors to declare interest in companies they wish to invest in.
Some investment opportunities may be available via diversified funds. Others may be direct investments.
Non-accredited retail investors can skip the accreditation requirement by owning the Fundrise Innovation Fund or the ARK Venture Fund (review) via Titan Invest. to get access to select pre-IPO opportunities.
However, you cannot choose individual pre-IPO companies, and ThoughtSpot is not yet in either portfolio.
As companies grow and acquire more employee and venture capital shareholders and possibly delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
* 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 stock during ThoughtSpot IPO through a participating broker
The IPO market became unfavorable in 2022 and has yet to recover. ThoughtSpot conducted a private funding round in late-2021, providing sufficient funding for operations.
The company has also indicated it is generating more than $100 in annual recurring revenue (ARR).
However, multiple prominent venture capital firms have invested in ThoughtSpot and will likely pressure leadership to conduct an IPO when market conditions improve.
2023 looks to be a more promising year for IPOs, and ThoughtSpot could be considering a forthcoming IPO.
IPO investors may find opportunities to invest during the IPO when it arrives, acquiring shares at the IPO price the night before the company begins trading.
Usually only accessible to Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past few years.
The following online brokers give customers free access to IPOs, even with low account balances:
Brokers negotiate exclusive IPO share allocations for retail investors. Access to specific high-demand IPOs is limited by which brokerage accounts you have and what broker gets exclusive access.
TradeStation has a longer track record of accessing more than 300 IPOs and secondary offerings via its partnership with ClickIPO.
But Robinhood and SoFi Invest have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Read the S-1 filings to find mentions of these online brokers to find opportunities.
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 ThoughtSpot IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
IPOs allow investors to review detailed financials. Pre-IPO investing has none to limited financials available.
IPO stock prices typically rise with high-demand companies, creating an investor frenzy. Investors can profit early and sell when the price overheats.
But IPO companies can be overvalued at the IPO. Invest with caution.
Stock price declines after IPOs can be excellent entry points.
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.
Investors can buy post-IPO stocks with any online broker. My favorite is M1 Finance, which is the best for long-term buy-and-hold investors.
M1 Finance does not provide IPO access.
Where can I find the ThoughtSpot IPO S-1 Filing?
ThoughtSpot has not released an S-1 filing to the public. Moreover, there is no evidence of a confidential S-1 filing yet.
News of a confidential or public S-1 filing would kick off the IPO process, suggesting the IPO could occur during the following two to six months.
When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Retail investors sometimes become interested in owning companies that are riding extraordinary macroeconomic trends (such as cloud and data analytics).
However, buying equity in ThoughtSpot before the IPO will likely prove difficult for retail investors.
Pre-IPO investing platforms now provide more options for retail investors. But private equity investing is still mostly reserved for accredited investors (the Fundrise Innovation Fund and ARK Venture Fund are notable exceptions).
Investors will likely find it challenging to acquire shares before the IPO, if the company chooses an IPO over an acquisition or SPAC.
But if you are eager to pursue IPO shares and early equity in ThoughtSpot, maintain reasonable expectations.
Good luck if you wish to participate in the ThoughtSpot IPO. Invest in pre-IPO and IPO companies at your own risk.
* 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 HOOD, RIVN, Fundrise Innovation Fund, and the ARK Titan Venture 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.
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