List of Startups unlikely to have IPOs this year, from Plaid to Figma

Are you curious about the state of the IPO market in 2024? Wondering which tech companies are gearing up for a public debut and which ones are choosing to wait it out? Well, look no further because we have the inside scoop on what’s happening in the world of IPOs this year.

2024 IPO Pipeline: A Closer Look

The year started off strong with four tech IPOs in March and April, but recent predictions suggest that the IPO market won’t fully reopen until 2025 due to macro conditions like the upcoming presidential election and elevated interest rates.

While 2024 is still shaping up to be better than previous years, some companies are holding off on going public for now. Let’s take a closer look at some of the venture-backed tech companies that we don’t expect to see on the public market this year.

  • Plaid: Despite being valued at $13.4 billion in 2021, Plaid’s CEO has made it clear that there are no plans for an IPO in 2024.
  • Figma: While not ruling out an IPO entirely, Figma’s recent actions suggest that a public debut may not be on the horizon just yet.
  • Stripe: With a valuation of $65 billion, Stripe’s recent employee stock sale indicates that the company is focused on building up its value before going public.
  • Databricks: Despite raising $500 million in a recent funding round, this AI cloud platform is not likely to go public in 2024.
  • Canva: Co-founder Cliff Obrecht has hinted that an IPO for Canva may be at least 12 months away, with a potential debut in 2026.

While these companies may not be hitting the public market this year, there are still plenty of others to keep an eye on as the year progresses. Stay tuned as we continue to monitor the late-stage startup and exit markets, and feel free to reach out if you have any tips or insights to share!

So, if you’re looking to stay informed on the latest developments in the world of tech IPOs, be sure to keep an eye on our blog as we track the ever-changing landscape of the 2024 IPO pipeline. Don’t miss out on the exciting journey ahead in the world of tech finance and investing.

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