Investors are eagerly awaiting Airtable’s IPO. The company’s CEO hinted at plans for an IPO, but did not give a time frame for its public debut.
So when can investors access shares of Airtable? Here’s what we know…
Airtable IPO: About the company
Airtable is a cloud computing collaboration software company. It creates and shares relational databases using a simple and easy-to-use online platform. In addition to providing a variety of templates ranging from home improvement projects to store inventory, the company allows users to create custom apps without prior coding experience. According to the company’s website, it “works like a spreadsheet but offers the power of a database to organize anything.”
Airtable serves more than 300,000 companies, including approximately 80% of Fortune 100 companies. In its simplest form, Airtable’s software allows employees to create custom spreadsheets that go beyond the numbers. These tools have been adopted by customers such as Amazon, Shopify, IBM, Twilio, LVMH, Netflix, Nike, HR and Under Armour. Additionally, the company landed a spot on CNBC’s Disruptor 50 list due to its innovative technology.
Airtable ranks 33rd on CNBC Disruptor 50
Airtable landed a spot on the CNBC Disruptor 50 list this year. It’s no surprise that the company is among the leaders in the cloud computing industry. Additionally, Airtable shows no signs of slowing down anytime soon.
With the opening of its first international headquarters in London on February 1, the company is expanding its services in Europe, the Middle East and Africa. The company’s international expansion will expand its business to help compete with industry giants like Asana, Smartsheet and Monday.com.
In addition, there is also downward pressure from giants like Microsoft, Google, and Amazon. These companies are fighting for a full suite of cloud services, investing heavily in their low-code offerings. However, CEO Howie Liu isn’t impressed with the competition, telling CNBC…
This is a huge, huge category, ripe for the taking. We can own most of this business opportunity.
Additionally, Liu said that Airtable “will go public once we show that we can dominate this category.” Additionally, Airtable is currently showing impressive financial numbers as a private company. This therefore represents a unique opportunity for Airtable’s IPO.
Airtable IPO: A look at the financials
According to Liu, Airtable has already reached nine figures in revenue and increases the company’s revenue by 100%. Additionally, the startup’s net dollar retention, or total recurring revenue from existing customers, is over 130%, according to CNBC. Indeed, “more and more departments and teams within each company” are using the software, Liu said.
Additionally, Airtable’s commercial valuation has skyrocketed in recent years. And that looks promising for the Airtable IPO. With a $100 million funding round in November 2018, Airtable entered unicorn territory with a commercial valuation of $1.1 billion.
Today, Airtable is worth 10 times that amount, thanks to $735 million in a Series F funding round led by XN in December 2021. The funding round included Franklin Templeton, JP Morgan Growth Equity Partners, Michael Dell’s MSD Capital , Salesforce Ventures and Silver Lake . Funds advised by T. Rowe Price Associates also joined the cycle, according to Airtable.
This funding round brought the San Francisco-based company to a staggering $11 billion valuation. Among the list of most valuable startups in the world, Airtable landed at number 39 with its impressive valuation. Additionally, the company’s valuation brings investors closer to Airtable’s IPO. At the time of the funding round, Liu told CNBC…
This cycle really gives us financial freedom as a business. This brings us closer to profitability and allows us to plan an IPO at the perfect time for us as a business.
Although Airtable’s shares are not yet available to the public, Liu’s clues have people wondering: when will Airtable go public? Here’s what we know…
When will Airtable go public?
While Airtable plans to go public at some point, the company has not announced a plan for when investors can expect Airtable stock. At this time, the company has not filed any documents with the Securities and Exchange Commission (SEC) to begin the IPO process.
Currently, it appears that the company is focused on scaling its business to keep pace with the highly competitive cloud computing industry. Therefore, investors should not expect any public debut news in the near future.
However, when the company plunges into the public market, Airtable’s stock will likely be listed on the New York Stock Exchange or the Nasdaq stock exchange.
Keep an eye out for updates on the Airtable IPO. When investing, be sure to research the company thoroughly. The first few months after an IPO can be volatile. And stock prices can change quickly.
If you’re looking for other IPO opportunities, check out our top recent IPOs and IPO timeline. We update it daily to give you the latest news on upcoming and filed IPOs.
Aimee Bohn is a graduate of the College of Business and Economics at Towson University. His background in marketing research helps him uncover interesting trends. Over the past year, she has primarily focused on researching IPOs and other trends.