What are the most anticipated upcoming IPOs for 2022? What pioneering private companies are investors most excited to own?
The upcoming IPOs pipeline has slowed after the hyper-activity of 2020-2021. We hope some of these startups will go public in 2022, though many may wait until market conditions improve.
If the 2022 lull continues, investors may turn to pre-IPO platforms such as Linqto for early equity access to pre-IPO companies.
Pre-IPO investing platforms enable accredited investors to invest in upcoming IPOs well before the public offerings. But opportunities disappear quickly.
Most investors will need to be patient and wait for the IPOs. Check out our list of best brokers for IPO investing to learn how you can increase your chances of receiving IPO allocations in upcoming deals.
Below is a list of the most exciting and highly-anticipated upcoming IPOs for 2022 and beyond.
I’ll update this list throughout the year as IPOs complete and additional deals hit the radar. View a list of notable 2021 IPOs here.
Table of Contents
1. Instacart IPO
Instacart is a grocery pickup and delivery service headquartered in San Francisco.
The company partners with more than 25,000 grocery stores and “big box” chains to hand-pick store items and deliver them to customers.
Customers shop online using the Instacart Marketplace via desktop or handheld devices.
Then Instacart hires personal shoppers who enter the stores, select and pack items, and deliver them to the customers. Customers pay a delivery fee ($3.99) plus a 5% service fee. Tipping is also encouraged.
Reuters reported on November 12th, 2020, that the company had chosen Goldman Sachs to lead the IPO at a $30 billion valuation.
On March 2nd, 2021, Instacart announced a $265 million round of funding, valuing the company at $39 billion.
But a year later, slashed its valuation to $24 billion based on market conditions and declared they are in “no rush” for an IPO.
Instacart filed confidentially for an IPO with the SEC on May 11th, 2022, suggesting a 2022 or early 2023 IPO is imminent once statements are reviewed and approved by regulators.
Read more about about the Instacart Stock IPO.
2. Stripe IPO
Stripe is a financial technology company that develops payment processing platforms, including APIs (application programming interfaces) software as a service (SaaS) packages that enable digital payments.
Its APIs allow web and mobile app developers to integrate payments (both receiving and sending) into everyday business operations.
The company was founded in 2010 by Irish brothers Patrick and John Collison. The same year it entered the Y Combinator startup accelerator program.
Stripe has 1 million + customers, ranging from small startups to the largest and most innovative corporations worldwide. Customers include Amazon, Shopify, Pelaton, Lyft, Zoom, Slack, Uber, Doordash, and OpenTable.
The Stripe mission statement:
Our mission is to increase the GDP of the internet. Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies—use our software to accept payments and manage their businesses online.
Company headquarters are in San Francisco.
Stripe raised a new round of funding in March 2021, valuing the company at $95 billion.
Read more about the Stripe IPO.
3. Databricks IPO
Databricks is a data science and artificial intelligence cloud and web-based software service. The company is on a mission to simplify and democratize data and AI, helping data teams solve the world’s toughest problems.
Its primary product is a web-enabled Unified Data Platform that empowers data engineers at Fortune 500 companies to import massive amounts of data from existing sources, then compile the data to provide business intelligence.
Understanding enterprise data optimizes operations and helps companies stay one step ahead of competitors.
In terms of what this company does, most people aren’t going to understand. The main takeaway is that data analytics is an extraordinary long-term trend over the decades to come, positioning Databricks to ride the wave.
Bloomberg reported in late 2020 that the company would pursue an IPO in 2020. However, the company completed a fresh round of private funding in early 2021, potentially delaying an inevitable public debut into 2022 or 2023.
Read more about the Databricks IPO.
4. Flexport IPO
Flexport is a software-as-a-service (SaaS) global logistics company that helps business customers manage their international shipping and supply chains. It’s a leading cloud software and data analytics platform provider for global trade.
The software empowers more than 10,000 customers to track global supply chains, including ocean, air, and trucking, to make data-driven decisions and streamline businesses.
Founder Ryan Peterson recognized that international shipping processes were stuck in another decade and saw an opportunity to disrupt the trillion-dollar freight industry.
Flexport was part of the Y Combinator W14 batch of early-stage startups and was the #1 company on CNBC’s 2022 Disruptor 50 list.
Read more about the Flexport IPO.
5. Fanatics IPO
Fanatics is an eCommerce business selling licensed sports apparel, equipment, and trading cards through its website and via Walmart.com. The company has secured licensing agreements with most of North America’s professional sports leagues and many top global sports brands worldwide.
Fanatics has raised several private funding rounds from investors, including the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and Major League Soccer (MLS). The company often pairs substantial equity partnerships with exclusive licensing.
The strategy has powered Fanatics to significant pre-IPO valuations over the past five years. Heavy outside ownership could lead to pressure to IPO in the coming year.
Michael Rubin is the company’s CEO. He is also a co-owner of the Philadelphia 76ers and the New Jersey Devils. But as of June 2022, he is looking to divest those assets to allow Fanatics to enter the sports betting market.
Fanatics is headquartered in Jacksonville, Florida, with offices in New York, Manchester, U.K., and Boulder, Colorado.
Read more about the Fanatics IPO.
6. Neuralink IPO
Neuralink is a medical device company aiming to build a fully integrated brain-machine interface (BMI), also known as a brain-computer interface (BCI).
The technology has the potential to treat people with disabilities of the brain and spine, including paralysis, blindness, deafness, memory loss, stroke, and more.
Developing treatments for these disorders could dramatically improve millions of people’s lives and lead to considerable profits for the company.
Fans of Elon Musk realize that he will likely end up being one of the most consequential technologists and entrepreneurs of our lifetimes.
He’s started several companies, cashing out of earlier ventures to build companies that tackle humanity’s biggest challenges, including transportation, climate change, and becoming a multi-planet species.
Neuralink is his next ‘crazy idea’, to link the power of artificial intelligence with nature’s most complex and intelligent organ, the human brain.
Musk’s ultimate goal could be to empower humans to stay equal to or ahead of artificial intelligence. However, that’s a long way off. And Musk needs to create a profitable business first.
Read more about Neuralink stock.
7. Canva IPO
Canva is a Sydney, Australia-based software-as-a-service (SaaS) platform used for creating graphic designs.
But it’s not for professional graphic designers. Canva is for everybody else.
Instead of hiring a graphic designer to create images for social media and online businesses, the Canva software provides more than 800,000 templates that users can modify for their needs.
Standard template sizes are optimized for common photo size formats, such as Pinterest pins, book covers, and Facebook or Instagram posts.
The software empowers anyone with a computer or smartphone to make professional-looking graphics for any use.
In a modern era of social media, blogs, and videos, Canva’s software provides the design needs for creators to tell their stories.
The software is easy to use and offers a free version with paid upgrades. So almost anyone can open an account a try it. Once users learn the software, they pay for an upgraded account which supports Canva’s recurring revenue SaaS business model.
“Fueled by the global demand for visual communication”, Canva is a profitable company, boasting 60 million users and $1 billion in annualized recurring revenue.
Read more about the Canva IPO.
8. OpenSea IPO
OpenSea is an online marketplace for crypto collectibles and non-fungible tokens (NFTs). Buyers and sellers of digital art, online domains, and other various crypto-related tokens use the platform for exchange.
OpenSea says this about NFTs:
NFTs have exciting new properties: they’re unique, provably scarce, tradeable, and usable across multiple applications. Just like physical goods, you can do whatever you want with them! You could throw them in the trash, gift them to a friend across the world, or go sell them on an open marketplace. But unlike physical goods, they’re armed with all the programmability of digital goods.
So long as buyers are willing to shell our digital currencies for digital assets, OpenSea stands to gain as a first mover.
The company has financial backing from some of the biggest names in crypto and venture capital, including Andreesen Horowitz, Coinbase, Paradigm, Coatue, and Y Combinator.
OpenSea announced a $300 million Series C round in January 2022, valuing the company at more than $13 billion.
9. The Boring Company IPO
The Boring Company is a construction infrastructure company that digs tunnels for transportation projects.
The company intends to “solve the problem of soul-destroying traffic” by going 3D. Underground transportation is out of sight, weatherproof, and safer than the alternative 3D transportation option (flying cars).
Perhaps The Boring Company is most famous because of its founder, Elon Musk. Musk, who also founded SpaceX (and Starlink), and Tesla, is a proven entrepreneurial savant and one of the world’s wealthiest people.
When he starts a company, people pay attention and want to join for the ride.
As of April 2022, there are five projects in various stages of planning and construction. The first non-testing project is underway in Las Vegas.
The company raised $675 million in a Series C funding round in April 2022, valuing the company at $5.675 billion.
The Boring Company is one of two upcoming IPOs tied to Elon Musk.
Read more about The Boring Company IPO.
10. Chime IPO
Chime* is an online financial app that has redesigned the way millennials manage their money. As of 2020, the company has more than 8 million customers.
Chime is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC.
Customers conduct financial activity on the app or desktop platforms, and each receives a debit card for spending. Chime makes money on interchange fees each time a customer swipes their debit card.
In October 2021, Forbes reported that Chime is targeting a IPO at a $35-$45 billion valuation.
Chime has hired Goldman Sachs as the lead underwriter and was expected to IPO sometime in 2022.
However, reporting by Barron’s in May 2022 suggests the company will delay the IPO until after 2022 due to market conditions.
Along with Robinhood and Stripe, Chime* is one of several fintech apps and upcoming IPOs riding the wave of mobile technology efficiencies.
Read more about the Chime IPO.
11. Plaid IPO
Plaid is a financial technology (fintech) company that enables seamless connections between customers, financial institutions, fintech apps, and developers.
Plaid builds application programming interfaces (APIs) for the financial industry, including banking, lending, and investing services.
Beyond APIs, Plaid is becoming an analytics company, providing its customers with user insights and data.
The company has become a must-use platform for fintech, empowering startup and legacy financial institution developers to deliver a beautiful user experience.
In January 2021, Visa abandoned its plans to acquire Plaid due to antitrust concerns, making the startup one of the hottest fintech unicorns in the U.S.
The question now is whether Plaid will pursue a traditional or direct listing IPO, SPAC acquisition, or if another company tries to complete what Visa could not.
Read more about the Plaid IPO.
12. Impossible Foods IPO
There are several upcoming IPOs related to plant-based foods.
Impossible Foods produces plant-based food that looks, feels, and tastes like meat.
They’re on a mission to save the Earth by creating products that replicate the experience of eating meat but using plants and technology to make it happen.
The company’s signature product, the Impossible Burger, was launched in 2016 and is widely now sold in grocery stores and restaurants.
The Impossible Foods IPO will be closely watched after the massive success of its primary competitor, Beyond Meat, whose stock increased more than 100% within a few days of its IPO.
However, investors will need to be patient.
At this point, it’s not something that we need, and we can take our time. — Impossible Foods CEO Patrick Brown said at TechCrunch’s October 2019 Disrupt conference.
However, on April 8th, 2021, Reuters reported the company is in talks to go public via IPO or SPAC within the next 12 months. The valuation at the time of reporting was estimated at $10 billion. A year on, market conditions may be influencing management and underwriters.
Impossible Foods is based in Redwood City, CA.
Read more about the Impossible Foods IPO.
13. Epic Games IPO
Epic Games is a video game company based in Cary, NC. It’s best known as the creator of the first-person shooter game Fortnite, one of the ten most popular online games globally, with more than 350 million registered users.
Fortnite is free to play, but the company makes money from in-app purchases (that do not give players an advantage).
Since its founding, the company has created more than 50 games and recently acquired the HouseParty smartphone app and several other game development technologies.
It also created the Unreal Engine, a game development software framework for use by other game developers.
Epic Games was founded in 1991 by Tim Sweeney, who is the majority equity owner.
Read more about the Epic Games IPO.
14. OnlyFans — An Upcoming IPO (or SPAC)
OnlyFans is a content subscription service and social media platform that empowers creators to earn money from online fans.
Popular with adult entertainers and social media influencers, creators charge a subscription fee to fans for premium photos and videos only available behind a paywall.
Users can buy bonus content and personalized media for an additional cost.
OnlyFans takes a flat 20% fee and earns about 12% after costs, according to the New York Times. Creators can charge whatever they like and keep the remaining 80%.
The business model eliminates the need for advertising and intermediaries (e.g., film producers, traditional adult websites), giving the creators more control of their content and business.
Its popularity has transcended the adult industry, now utilized by athletes, musicians, celebrities, comedians, health and spiritual experts, fitness gurus, chefs, and makeup artists.
However, the deep ties to adult-related content make questionable its ability to attract institutional investor demand as a private or public company.
A London-based private company called Fenix International Limited owns the OnlyFans service, which adult industry veteran Tim Stockley founded in 2016.
Stockley stepped down as CEO headed into 2022 to make way for a female CEO.
The company has more than 100 million users and has paid out more than $3 billion in creator earnings. In 2020, the company generated $2 billion in sales, according to Bloomberg, and $300 million in profit, according to The Information.
Axios reported in March 2022 that the company is courting potential SPAC partners.
Read more about the Only Fans IPO.
15. Starlink IPO (SpaceX Spinoff)
Starlink is a business subsidiary of the private company SpaceX. SpaceX intends to build a low earth orbit satellite constellation that provides internet access to the world.
The web of satellites known as Starlink will connect to ground receivers, making it possible to provide internet at competitive prices, especially to underserved global communities. Internet speeds are expected to be 50Mbs to 150Mbs.
Customers will include governments and consumers. As of late 2020, nearly 1,000 satellites have been launched into orbit, and the service’s testing has commenced. The satellites ride the Falcon 9 rocket for insertion into orbit.
Twelve thousand satellites are expected to orbit Earth during the first phase, with the potential to increase that number to 42,000. SpaceX estimates the Starlink business could generate $30 billion by 2025.
In February 2020, CNBC confirmed SpaceX is considering a Starlink spinoff. A public Starlink company could help SpaceX raise funds for its primary objective, to put humans on Mars, by capitalizing on investors’ desires to ride the Midas touch of CEO Elon Musk.
Read more about the Starlink IPO.
16. Rubrik IPO
Rubrik is a cloud data management and security company based in Palo Alto, CA, calling itself the “Zero Trust Data Security” company.
Zero trust is an information technology term regarding a methodology to thwart cybersecurity and ransomware attacks.
Zero trust methods are based on the assumption that all devices, applications, and users are untrustworthy. Therefore, systems and processes should verify all users before accessing a network or application.
For example, a large corporation may require all employees to log in every day to complete their timesheets. The verification step ensures each user has valid credentials to access the system.
Companies and organizations can fend off bad actors by defending networks and systems with zero trust security methods.
Rubrik’s cloud products, combined with integrations and company partnerships, help to strengthen cybersecurity defenses.
Microsoft invested in Rubrik in August 2021. With heavy venture capital ownership, keep an eye out for an upcoming IPO or acquisition in the coming year.
The Rubrik IPO is one of a few cloud and cyber security upcoming IPOs 2022 in the pipeline.
Read more about the Rubrik IPO.
17. Weee! IPO
Weee! is an online grocery delivery startup that caters to Asian Americans seeking hard-to-find fresh ingredients and imported packaged foods. The company now delivers across the United States.
The online store has separate micro-stores catering to specific cuisines, including Chinese, Vietnamese, Korean, Filipino, and Japanese.
Larry Liu, the company’s founder, struggled to find groceries near his home in northern California. He started Weee! in 2015 to cater to Asian immigrants who shared his frustration ordering specific foods.
Weee! became profitable in 2020. In early 2021, the company hired its first CFO, Ankur Shah, and is preparing for an IPO, according to an interview with Shah in the Wall Street Journal.
The company has raised $800 million in venture capital funding to date. The latest funding round, a Series E in February 2022, valued the company at $4.1 billion.
Weee! is a Fremont, CA-based company with more than 1,000 employees. Order on desktop or mobile.
Read more about the Weee! IPO.
18. Sila Nanotechnologies IPO
Sila Nanotechnologies is an advanced battery designer and manufacturer on a mission to engineer materials to power our future.
Gene Berdichevsky, Tesla’s seventh employee, became frustrated with the lack of battery innovation and set out to make the lithium-ion battery more powerful and efficient.
He founded Sila Technologies in 2011.
Instead of starting from scratch, Sila Technologies discovered a way to make lithium-ion batteries more efficient by replacing the standard graphite anode with a nano-engineered silicone one. The new materials have the potential to make batteries 50% better, increasing power density and decreasing their size.
The new batteries can also lower costs and improve driving mileage for electric vehicles.
The company currently partners with WHOOP to provide batteries for their performance watches. Sila Nanotechnologies is building a factory in Moses Lake, Washington State, to build enough anode material to support the production of up to 500,000 vehicles per year.
Sila has partnered with leading automotive manufacturers to enable the adoption of its technology, lowering costs and improving charge time and mileage capabilities.
Read more about the Sila Nanotechnologies IPO.
19. Lime IPO
Lime is a micro-mobility company helping people complete the “last mile” in their communities. Lime provides bikes, electric scooters, and mopeds to its customers for easy and affordable transportation with a low carbon footprint.
Users download the mobile phone Lime app, then use it to locate the nearest vehicle and complete their ride. Most of their transportation devices are dockless, meaning customers unlock usage and pay completely through the app.
The company employs “juicers” who collect and charge vehicles when the battery levels are low, then return them to various “LimesHubs” for easy access in the mornings.
Founded in January 2017, the company has had various run-ins with local authorities regarding permits and safety issues. But these haven’t stopped growth.
Lime operates in more than 100 cities in the U.S. and worldwide. It is expected to be profitable in 2022, but the company does not share its numbers with the public.
Read more about the Lime IPO.
20. Discord IPO
Discord is a digital platform used to create online communities. It uses voice (VoIP), video, chat, text, and media to enable private groups or people with like-minded interests to meet online securely and privately.
It was spawned from the video game industry and associated subreddit communities but has since expanded beyond gaming. Discord’s accelerated growth is due, in part, to privacy concerns with social media platforms such as Facebook.
Users can access Discord via software download, web browser, or mobile phone app.
Discord is not a social media platform. Rather, a software package of communication tools that serve communities of similar interests, more similar to Slack than Facebook.
The company was founded by Jason Citron and Stanislav Vishnevsky. The software was released in May of 2015.
Discord completed a $100 million funding round in late 2020 and is rumored to be pursuing its next multi-million round.
In 2021, Discord was #3 on CNBC’s Disruptor List.
Read more about the Discord IPO.
21. Redwood Materials IPO
Redwood Materials is a sustainable materials company laying the groundwork for the next generation of vehicle and electronics battery recycling.
As electric-powered vehicle consumption grows, the amount batteries reaching their end-of-life will keep growing.
Electric vehicle battery components will maintain much of their raw material value when the cars drive their last mile.
Redwood Materials receives the end-of-life vehicle batteries and electronic devices (phones, laptops), extracts and refines the batteries’ raw materials, and returns them to factories producing new batteries.
In addition to recycling, Redwood Materials aims to manufacture copper foils for anodes and is building a giant U.S. factory for producing cathodes. Both are growingly costly components of car batteries.
Moreover, Redwood Materials aims to shorten and simplify the global battery supply chain by growing capabilities in the U.S.
Redwood Material was founded in 2017 by J.B. Straubel, a Tesla Co-Founder (fifth employee) who recognized the global supply chain imbalances, bottlenecks, and potential to reduce the environmental impact of battery production.
Read more about the Redwood Material IPO.
22. Northvolt IPO — One of Europe’s Leading Upcoming IPOs
Northvolt is a Swedish design and manufacturing company producing lithium-ion batteries in Europe for a more sustainable energy storage future.
The company’s primary target is automotive battery applications (cars and charging stations), but it also produces products for grid storage, industrial applications, and portable devices (e.g., tools, e-bicycles).
Founded by former Tesla executive Peter Carlsson, Northvolt aims to support global electric vehicle expansion in the coming decades.
It seeks to balance the global automotive battery supply in competition with Asia and North American manufacturers by scaling battery manufacturing in Europe.
In December 2021, Northvolt produced the first European-designed and manufactured lithium-ion battery for electric vehicles in its gigafactory in Skellefteå, northern Sweden.
A second gigafactory is under construction in Salzgitter, Germany, in partnership with Volkswagen, and a third is slated to be built in Heide, Schleswig-Holstein, Germany.
The company was founded in 2016 with a mission to build the world’s greenest battery to enable the European transition to renewable energy.
Read more about the Northvolt IPO.
23. Automation Anywhere IPO
Automation Anywhere is a robotics process automation (RPA) software company for enterprise organizations. Its products are cloud-native and sold as a service (SaaS), helping customers use technology to automate repetitive office tasks.
RPA software integrates with modern and legacy IT systems to bridge system gaps, improve efficiencies, and replace manually-driven business workflows.
It also integrates with Microsoft Office programs like Excel to automate repetitive tasks.
Automation reduces costs to free time for more mission-critical projects while increasing compliance, reducing human errors, improving customer service, and streamlining operations.
The sales pitch for RPA always sounds magical. It’s not.
RPA requires specialized software, trained users, and willing management to make investment decisions to improve operations.
However, for large organizations, RPA is often worth the investment. That’s why companies like Automation Anywhere have grown revenues significantly over the past decade.
Read more about the Automation Anywhere IPO.
24. Cameo IPO
Cameo is a content-sharing website for celebrities that empowers them to monetize their fame with personalized videos.
Fans join the website and request custom videos from the celebrities as gifts to friends, family, and colleagues.
The founders recognized that selfies had become the new autograph and figured out how to gift the feeling of snapping a selfie without meeting the celebrity in person.
Celebrities set their prices and keep 75% of sales. Cameo keeps the other 25%.
Similar to other sites like Patreon and OnlyFans, Cameo’s differentiator is its 30,000+ celebrity user base and its ability to deliver a customized personal experience.
Cameo experienced tremendous growth during the pandemic because celebrities were on lockdown like the rest of us.
How the business model adapts as the world transitions out of the pandemic is the big question going forward. Some areas of expansion include live video chats, corporate requests, and international adoption.
The company is headquartered in Chicago, Illinois.
Read more about the Cameo IPO.
25. Acorns IPO
Acorns * is a “financial everything” technology app that popularized micro-investing, a strategy that involves frequent small investments. Its primary draw is the ability to ’round up’ spending amounts and invest dollar fractions into ETFs.
For example, if you spend $2.40 on a coffee, the app automatically invests $0.60 into a pre-determined portfolio of passive index ETFs. It’s also added a checking account, making it simple to manage spending and investing in one place.
It charges a low flat fee per month.
Acorns has partnered with CNBC to deliver educational features to promote financial wellness. The partnership offers inspiring stories and expert advice on fundamental personal finance and investing topics.
Given this relationship, Acorns-related news receives more TV coverage than other public offerings.
On May 27th, 2021, Acorns announced it will become a public company through a SPAC merger with Pioneer Merger Corp. (PACX). However, the partners scrapped the deal in January 2022 siting sour market conditions.
Acorns then raised $300 million in March 2022, valuing the company at $2 billion.
The company was founded by father and son Walter Cruttenden and Jeffrey Cruttenden and is based in Irvine, CA.
26. TerraPower IPO
TerraPower is a nuclear power company creating a smarter, safer, and more efficient way to generate power to reduce carbon emissions in the 21st century.
The company was founded by Bill Gates and “like-minded” investors and aims to fully scale its nuclear reactor design by the end of the decade.
As the world population grows and the global economy shifts toward electric vehicles, renewable fuels such as solar and wind will not be enough to support clean energy demand.
Modernized nuclear power is an innovative solution to power the grid when the sun isn’t out. TerraPower’s design uses less radioactive fuel, reduces safety risk and waste. It uses molten sodium to store energy, giving it the flexibility to release energy when demand increases.
TerraPower’s nuclear power plants are likely many years away from being fully operational. As such, TerraPower is one of many upcoming IPOs that in inevitable, but unlikely for a few years. But it’s important to keep it on your radar.
Read more about the TerraPower IPO.
Conclusion – Upcoming IPOs 2022 and Beyond
Dozens of companies will have their initial public offerings in 2022. This list attempts to include only those with the most investor interest.
If there are others you think should be on the list, contact me, or leave your reasons why in the comments below.
What upcoming IPOs 2022 are you most excited about? What broker do you use to access upcoming IPOs?
Unicorn illustration by Wild0ne via Pixabay
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