These private companies could go public

00:00 Speaker A

But I’m just curious, what what other names are on your radar here that you think, okay, these are names that could be IPO ready in 2026.

00:09 Greg

Yeah, I think there’s a, you know, there’s a fairly uh large list of big companies, um, you know, that are kind of 10 billion market cap and up. There’s companies that we’ve talked about going public for a while, like Canva, which is a SAS presentation company. There’s a company, um, you know, called Ramp, uh, which is in kind of the uh expense and card management uh space. It’s um,

00:33 Greg

there’s a company uh in the in the human resource software business, uh called Rippling. There’s a payroll company called Deal. Um, you know, there’s a messaging business, Discord we’ve talked about for for a long time.

00:43 Greg

Motive obviously, you mentioned, just filed to go public. And then of course, there’s the there’s the really big guys. Um, there’s the SpaceX’s that have talked about maybe going public, you know, sometime mid to late 2026. Um, you know, that would be potentially a trillion dollar market cap, could be 100 billion, you know, raise. There’s OpenAI I just mentioned, there’s Databricks that have been talking about um going public.

01:03 Greg

They just raised a round valuing them at 130 billion. There’s Stripe, um that is always on the radar. I mean, these are companies that could go public at any time. And so I think there’s the mega names that if they go public, you know, are really going to create a ground swell. And then there’s the, you know, the smaller companies that I just mentioned. So there’s a good long list

01:19 Greg

of and that’s just the tech sector. I’m not even covering, you know, mostly some of the other sectors, but so there’s a good long list of companies that could really create a ground swell of IPO interest this year.

01:27 Speaker A

Yeah, that I want to end there on that point, Greg, because I think it’s interesting. let’s say you had a really high-profile mega name go public next year. I mean, let let’s say, Greg, it was SpaceX or Anthropic or or OpenAI. Um, I’m just curious, what what kind of ripple effects could that really have on the broader IPO market? You know, what can what can that mean, Greg, for IPO issuance or sentiment?

01:51 Greg

Yeah, well, when we when you’re talking about a SpaceX or an Open AI, you’re talking about potentially raising a hundred billion dollars. Um, you know, which would be the largest IPOs in history. So, you’re really testing the how much interest there is in new issuances there. So, you’re you’re you’re you’re really it’s a real big test of the capital markets and whether, you know, a company like that can come come public and raise that amount of capital. And it just, it just sort of goes to test how much money’s really on the sidelines waiting for these companies. And and and you know, we’re in a market that’s

02:19 Greg

kind of dominated by the Mag 7. And so if you want growth, you’re investing in those. And and where most of the growth today is is is in the private markets. And so it’s a real test of, you know, when you can finally access these great private companies, how much are will people are willing to open up their wallets and and invest in these businesses? We’ve seen, you know, because of the scarcity of these of these companies in the private markets, their valuations have gone up significantly. But when they kind of come out, they got to present themselves publicly, it’ll be really interesting to see

02:49 Greg

just how big the universe of potential buyers are for these companies in the public markets.