5 Potential IPOs to Watch For in 2022

This has been a banner year for initial public offerings. In 2021 so far, they have totaled more than $301 billion collectively, much beyond 2020’s record of $168 billion, according to Dealogic. Next year, tech, and particularly fintech, likely will dominate IPO activity. With venture capital flowing freely…

some of the largest private tech companies in the United States held out on predicted IPOs in 2021 because they didn’t need additional cash infusions. But a different story could play out in the coming year. These are the fast-growing companies to watch that might–finally–go public in 2022.

1. Stripe

Founded in 2009 out of a small Dublin office by brothers John and Patrick Collison, Stripe moved part of its operations to San Francisco and has grown reliably over the past 12 years to a valuation of $95 billion. That figure makes it the most valuable privately held tech startup in the United States. The payment-processing company has a global workforce of more than 4,000, and boasts customers such as Amazon and DoorDash, which help make it bring in annual revenue of more than $7.5 billion. Stripe hasn’t announced plans to go public, and co-founder John Collison said recently: “We’re very happy as a private company.” Still, Stripe reportedly has tapped a law firm to explore early steps, according to Reuters.

2. Instacart

For founder Apoorva Mehta, Instacart was the one that worked. After leaving his job at Amazon and moving to San Francisco, he tried his hand at building startups. Twenty failed before Instacart, which he started in 2012. While the online grocery-delivery company has had ups and downs, it did well during the pandemic. Mehta declared his intention to take the company public back in 2019, but the company has been shuffling its feet on an IPO ever since. The company’s revenue tripled in 2020 to $1.5 billion–valuing the company at $39 billion. In 2021, Fidji Simo took over as chief executive and reportedly plans to continue to focus on growth and broadening Instacart’s services.

3. Discord

In 2015, serial entrepreneur Jason Citron founded Discord to help remote developer teams communicate more seamlessly. The chat-server company struck a key with gamers, though–and growth soared. Through the pandemic Discord has boasted 150 million active monthly users, and Microsoft attempted to acquire it in 2020 for $10 billion. Discord opted to stay independent. The company is not exactly short on cash, however: Discord raised $500 million in a recent funding round, bringing its valuation to $15 billion. If it doesn’t list its IPO before the turn of the year, it’s likely in early 2022.

4. Impossible Foods

Stanford professor Patrick Brown decided to take on Big Meat in 2011. He called his plant-based protein products company Impossible Foods. “The goal here is we have to…

 

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