Upcoming IPO

In a FOX Business interview earlier this year, Joe Endoso, chief operating officer at the investment platform Linqto, spoke favorably about Cerebras as one of the companies leading the artificial intelligence (AI) revolution. With the generative AI market at the forefront, Cerebras Systems may decide to strike while the iron is hot with a 2024 IPO.

Market opportunity

With the generative AI market at the forefront, Cerebras Systems may decide to strike while the iron is hot with a 2024 IPO.

There was a lot of talk about a Stripe Inc. IPO in 2023. And then nothing happened. Now, talks of an IPO are heating up again, with many expecting this to happen once the calendar turns in January.

Market opportunity

The company, which specializes in payment processing software for e-commerce and mobile applications, is valued at $50 billion and based in San Francisco and Dublin.

Fanatics Inc., a leading global sports merchandise company valued at $31 billion, is advancing toward an IPO. The company, founded in 2011 by Michael Rubin, held its second investor day of the year in June. It was attended by over 100 investors from major firms like Goldman Sachs and Barclays, with an additional 300 joining virtually.

Market opportunity

The company, founded in 2011 by Michael Rubin, held its second investor day of the year in June. It was attended by over 100 investors from major firms like Goldman Sachs and Barclays, with an additional 300 joining virtually.

Discord was founded in 2015, and the company offers a digital platform which allows instant communication using VoIP, private messaging, and voice and video calls. Discord servers are channels wh ere people can communicate, exchange information, and play. Discord is supported by Windows, iOS, Android, Xbox, and PlayStation, with 150 million active monthly users as of 2021.

Market opportunity

In 2021, Microsoft Corporation offered a $10 billion acquisition deal to Discord, which was turned down by the company. Twitter, Inc. and Amazon.com, Inc. were also contenders for the acquisition of Discord, but the bids were turned down in favor of an initial public offering. Discord’s latest funding round raised $500 million in September 2021, which doubled the company’s valuation to $15 billion as compared to the earlier year.

Reddit is a California-based company running a social platform wh ere users can discuss social issues, share advice, and narrate experiences. Individuals discuss news, politics, religion, video games, finance, books, fitness, and other interests in Reddit communities or "subreddits". Communities are monitored for malicious activity by Reddit moderators, who are not employees of the company.

Market opportunity

Reddit has filed preliminary IPO registration statements with the SEC and has hired Morgan Stanley and Goldman Sachs to guide the company through the process. Reddit is one of the most anticipated IPOs of 2022, with a valuation of $15 billion.

Zazzle is an American online marketplace that allows designers and customers to create their own products with independent manufacturers (clothing, posters, etc.), as well as use images fr om participating companies. Zazzle has partnered with many brands to amass a collection of digital images fr om companies like Disney, Warner Brothers and NCAA sports teams.

Market opportunity

Zazzle is preparing for an initial public offering in the summer of 2022, and the company has hired Citigroup Inc and Barclays Plc for the process. Although little is known about the company’s financial position as of now, the marketplace offers over 300 million uniquely designed products that have been sold to more than 30 million customers. The IPO valuation could be anywhere between $1 billion to $2 billion.

Robinhood was founded in 2013 by Vladimir Tenev and Baiju Bhatt. Our founders deeply believe that everyone should have access to the financial system. Our mission is to democratize finance for all. We are creating a modern financial services platform for everyone, regardless of their wealth, income or background.

Market opportunity

The stock market is widely recognized as one of the greatest wealth creators of the last century. But systemic barriers to investing, like expensive commissions, minimum balance requirements and complicated jargon-filled paperwork, have dissuaded millions of people from feeling welcome or able to participate. Over half of 18- to 44-year-olds in the United States know who Robinhood is, according to an internal brand study that we conducted in March 2021. As a further sign of our relevance today, Robinhood reached the No. 1 spot on the Apple App Store multiple times in the first quarter of 2021. As of March 31, 2021, we had 18.0 million Net Cumulative Funded Accounts on our platform, and from Jan. 1, 2015, to March 31, 2021, over half of the customers funding accounts on our platform told us that Robinhood was their first brokerage account.

Mister Car Wash is the largest national car wash brand, offering express exterior and interior cleaning services to customers across 344 car wash locations in 21 states, as of March 31, 2021.

Market opportunity

UWC is our all-you-can-wash subscription program for a flat monthly fee. We employ a “member-centric” business model that is focused on providing easy, convenient and fast car washes. Over the last several years, we have added dedicated member-only lanes and adopted radio-frequency identification (“RFID”) technology for our UWC Members to enable quick, contactless and convenient trips. In 2020, the average UWC Member washed their car over 30 times, which we believe is significantly more than the average car wash user. Increased UWC membership provides us consistent, visible and recurring revenue while improving customer loyalty.