Initial public offerings or IPOs are known as a great way for investors to get great returns in a relatively short time. On average, they can bring 40% in the first 3 months. IPOs are risky and should be treated with caution, especially during a bear market. Once the initial funding stages are out of the way, IPOs can be a great way for companies to sell their shares on the open market and raise more capital to continue their growth. If you’re into collaborative SaaS solutions, or maybe have heard something about this company’s upcoming IPO, you may have wondered “is Airtable publicly traded?” Read on to find out everything about the Airtable stock IPO.
Airtable is a collaborative, cloud-based spreadsheet service. It has features of databases but in spreadsheet form, that’s why it’s referred to as a spreadsheet-database hybrid. The company was founded in 2012 by Howie Liu, Andrew Ofstad, and Emmett Nicholas. The company’s official name is Formagrid, Inc with headquarters in San Francisco.
The online cloud platform gained popularity with businesses and individuals due to its user-friendliness and tools for customization. Airtable takes the sixth place in the Forbes Cloud 100 list. Some of the big companies using Airtable include Netflix and Shopify to manage their business.
What makes it different from a usual spreadsheet is the ability to create cells with additional values like user data, drop-down lists, and file attachments. This lets users quickly create a collaborative database with different column types, link tables, sort information and publish custom views on other websites.
After raising $735 million in a Series F round in December 2021, roughly the same amount the company raised in the previous 5 rounds combined, and Airtable’s valuation reached $11 billion. CEO Howie Liu said in an interview for CNBC that the company now has enough freedom and path to profitability and hinted at an IPO, adding that it will happen at a time that’s ideal for the company.
Considering the booming market of IPOs in 2021, suddenly everyone started asking, “when is Airtable going public?”
Later in the same month Airtable announced that it had acquired Walrus.ai, a no-code software testing company, earlier in the year. While there are no concrete details about the collaboration, the Walrus.ai team and platform can strengthen Airtable’s position as a solution for creating custom software without having to code.
Read on to find out the Airtable IPO date and price, and other key info.
Airtable Public Listing Key Data and IPO Date
Airtable IPO Date: 2022 (TBA)
IPO stock price: N/A
Valuation pre-IPO: $11 billion
Market cap: N/A
CEO: Howie Liu
The first report that Airtable is eyeing an IPO came from CEO Howie Liu himself after the latest funding round in December 2021. After that there have been no official updates. It might have been a good idea to wait because the market fell soon after and the number of companies going public in 2022 fell abruptly due to market uncertainty around the announcements that Russia is planning to invade Ukraine.
We can only speculate that the company has started the IPO process in some way or at least is planning the best way and time to do it. A lot of the information about the IPO remains private, including their IPO date, initial offering stock price and stock symbol.
Airtable is very likely to launch its IPO on Nasdaq because that’s the conventional thing to do for tech companies. However, they may decide to launch their IPO on the NYSE instead.
Because the company remains private there is not much information about who owns what stake in the company. But we can assume that at the 2021 valuation of $11, CEO Howie Liu should have a considerable potential net worth. Only time will tell what will happen to it.
So What About Investing Now?
Airtable is an exciting company that has the potential to launch a successful IPO and continue their growth. While no definitive date has been announced, an Airtable IPO could still happen before the end of the year, although there is too much uncertainty on the market to make any forecasts about their IPO date, it will be up to the management.
Airtable does have competition, including Basecamp, Smartsheet, Notion, Trello, and Asana, but is carving out a pretty specific niche that businesses find useful. It seems like the company has the team and the vision to continue to create smart solutions, and the ambition to scale.
If you want to invest in the Airtable IPO or any other IPO you’ll have to follow the news to know when it will happen as sometimes the official announcement comes just a few days before the IPO.
Initial public offerings are much more risky than investing in big companies with proven business models. What’s even better is to build a balanced portfolio of stocks in an industry you know or believe in. Download Gainy to check out TTF stock collections to invest in themes you believe in like e-commerce or investment strategies you’d like to try.
Check out our IPO section to look at other scheduled IPOs. If you want to find companies that match your interests, investment goals and portfolio, try Gainy for some great IPO investment ideas, as well as established blue-chip companies and a variety of other assets.
Is Airtable a public company?
The Airtable stock IPO date has not been confirmed yet, and they haven’t made an announcement about their IPO filing yet. As soon as the official information is released, we’ll find out everything about the date and the Airtable IPO price.
Is Airtable a SPAC?
A lot of the details about Airtable’s launch remain private, so there is no information about whether they will go for a traditional IPO instead of merging with a special purpose acquisition company (SPAC).