5 Hottest Upcoming IPOs to Watch in 2022

1. Stripe

Potential IPO Valuation: $74 Billion

Expected Date of IPO: Second Half of 2022

Stripe, Inc. is an Irish-American financial services company that develops and offers payment processing software and APIs for e-commerce and mobile applications. The company was founded in 2010 and has two corporate headquarters, one in San Francisco, United States, and the other in Dublin, Ireland.

The pandemic fueled online shopping, which was positive for Stripe. For 2021, the company reported gross revenue of roughly $12 billion, up 60% year-over-year, and net revenue of approximately $2.5 billion. The company was also EBITDA profitable.

In March 2021, Stripe raised $600 million from funding rounds led by Ireland’s National Treasury Management Agency and Fidelity Investments. The company was valued at $95 billion after the round. However, due to a sell-off in tech stocks in early 2022, the company slashed its internal valuation by 28%, bringing it to $74 billion in June 2022.

You can also take a look at 10 Most Successful Tech IPOs of 2021 and 10 Most Anticipated IPOs of 2022.

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