The recent surge in equities has reignited discussion about the resurgence of significant IPOs in 2024 and 2025. If the upcoming year will indeed return to the boom times of the past, it is worth monitoring the most prominent “unicorn” private companies and their IPO prospects. While only some, if any, of the companies below may make a move to go public, we have summarized several of the private companies rumored to be 2024-2025, possible IPO candidates. 

FLEXPORT

Business: Flexport is a global logistics company that helps business customers manage their international shipping and supply chains and streamline their businesses. It allows more than 10,000 customers to track global supply chains across air, ocean, and trucking.

Rumored valuation: $1.4-$1.6 billion.

IBOTTA

Business: Ibotta is a performance marketing platform that partners with large retailers and innovative brands to offer customers digital discounts and cash-back rewards. Consumers download the smartphone app or desktop browser extension and make purchases through the app. It aims for a 2024 IPO and has hired Goldman Sachs and Citigroup for the underwriting.

Rumored valuation: $2 billion. 

ZIPLINE

Business: Zipline is a delivery drone manufacturer and logistics startup. Their drones reduce the carbon emissions of current delivery trucks and are more efficient than electric vehicles. They have made over five million deliveries and continue to grow. 

Rumored valuation: $4.2 billion.

CIRCLE

Business: Circle is a financial technology startup that is the curator of the USDC cryptocurrency stablecoin. Circle streamlines the process of moving international payments across borders instantaneously and is cost-effective. Their APIs enable developers and various financial institutions to build applications that bridge traditional banking and internet-native money transactions. 

Rumored valuation: $9 billion.

CANVA

Business: Canva is a platform for creating graphic designs, offering nearly a million templates for its users to customize for their needs. It allows any user with a computer or phone to make professional-looking graphics without needing a graphic designer.

Rumored valuation: $25.6 billion.

FANATICS

Business: Fanatics is an eCommerce business that sells licensed sports apparel, equipment, and trading cards through its website and Walmart.com. It has licensing agreements with professional sports leagues globally. 

Rumored valuation: $31 billion.

EPIC GAMES

Business: Epic Games is a video game company known for Fortnite, an online multiplayer game boasting nearly 400 million players globally. The company also created the Unreal Engine, which many other top video game developers use to design and build their games. 

Rumored valuation: $31.5 billion.

REVOLUT

Business: Revolut is a neobank that aims to simplify everything related to money. Revolut provides banking services to banks via its technology platform. This includes everything from everyday savings and checking to business payments, international transfers, and stock and cryptocurrency trading. Its services are offered globally. 

Rumored valuation: $33 billion.

STRIPE

Business: Stripe is a financial technology company that develops payment processing platforms. This includes SaaS and APIs enabling web and mobile app developers to integrate digital payments into their business operations. It has told its employees that it plans to IPO within the next year or allow them to sell their shares via a secondary transaction.

Rumored valuation: $50 billion.

SHEIN

Business: SHEIN is an online fashion clothing retailer that uses on-demand small-batch manufacturing technology to connect suppliers to their supply chain. This allows the company to deliver affordable clothing products globally while reducing inventory waste.

Rumored valuation: $90 billion.

As 2024 approaches, many market variables will guide the degree of rebound in IPO activity. Namely, Fed policy, geopolitical events, and the underlying components of each market dynamic will be critical as we turn the corner into 2024. In the meantime, companies, bankers, and investors continue to focus on a shadow pipeline of potentially promising IPO transactions. 

 

This article was written and submitted by a guest contributor