Rippling is a Enterprise Software founded in 2016, currently valued at $25B. IPO Status: Pre-IPO (monitoring). IPO Readiness Score: 68/100 (C+).
Rippling IPO status, timeline, valuation and S-1 filing tracker. Last updated May 2026.
| Industry | Enterprise Software |
| Stage | Series H |
| IPO Status | Private |
| Valuation | $25B |
| Total Funding | $3.2B |
| Headquarters | San Francisco, CA |
| IPO Readiness Score | 68/100 |
| Founded | 2016 |
Track Rippling IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated May 2026.
Unified HR, IT, and finance platform for businesses.
Rippling is currently a private company being monitored by TechStackIPO for potential IPO activity. The company’s IPO readiness score is 68/100. Companies in the Enterprise Software sector have seen significant IPO activity in recent years, with several notable listings and S-1 filings tracked on TechStackIPO. Key factors that could accelerate Rippling’s path to IPO include revenue growth, profitability milestones, favorable market conditions, and strategic investor interest.
Rippling is valued at $25B based on the most recent private market data. The company has raised a total of $3.2B in funding. Private market valuations are determined by the latest funding round and may differ from eventual IPO pricing, which reflects public market conditions, investor demand, and comparable company multiples at the time of listing.
Accredited investors may be able to access Rippling pre-IPO shares through secondary market platforms. These platforms facilitate private share transactions between existing shareholders (employees, early investors) and new buyers.
Risk factors: Pre-IPO investments are illiquid, carry higher risk than public market investments, and are typically restricted to accredited investors. Share availability and pricing depend on current shareholders willing to sell. TechStackIPO provides data and tracking tools but does not facilitate or recommend investments.
Funding rounds from seed through latest — Series A, B, C and beyond.
| Round | Date | Amount | Valuation | Lead Investor(s) |
|---|---|---|---|---|
| Seed | Apr 2017 | $7M | $30M | Initialized Capital |
| Series A | Apr 2019 | $45M | $270M | Kleiner Perkins |
| Series B | Aug 2020 | $145M | $1.35B | Founders Fund |
| Series C | Mar 2022 | $250M | $6.5B | Bedrock Capital |
| Series D | Mar 2023 | $500M | $11.25B | Greenoaks Capital |
| Series E | Mar 2024 | $200M | $13.5B | Coatue Management |
Total funding raised: $3.2B
Bear / base / bull scenarios based on current private market valuation and comparable IPO multiples.
| Scenario | Est. Valuation | Basis |
|---|---|---|
| Bear | $24.0B | Compressed multiples, delayed listing |
| Base | $25B | Last private round valuation |
| Bull | $44.8B | Strong market, premium AI/tech multiple |
Estimates are illustrative. Not investment advice. All figures based on publicly available data.
Rippling's most recent valuation is $13.5B, based on its April 2024 funding round. The company has raised $693M in total. Parker Conrad (also Zenefits founder) leads the company with a focus on all-in-one workforce management software.
Rippling is a workforce management platform that unifies HR, IT, and finance operations. The platform handles payroll, benefits, device management, app provisioning, and expense management in one system. It serves businesses from 2 to 2,000+ employees and competes with Gusto, BambooHR, and Workday.
There is no confirmed Rippling IPO date. The company raised $200M in April 2024, valuing it at $13.5B. Rippling is focused on expanding its unified HR, IT, and finance platform. Analysts project a potential 2026-2027 IPO window based on its growth trajectory.
Rippling IPO status 2026: Not filed. Rippling has not filed an S-1 as of May 2026. The company is valued at $13.5B after raising $693M in total funding. CEO Parker Conrad has not announced a specific IPO timeline.
Rippling has an IPO readiness score of 68/100 on TechStackIPO. A moderate readiness score suggests the company may be 2–4 years from IPO.
Rippling's last known private valuation is $25B. IPO valuations typically reflect current market conditions at time of listing and may differ from private market valuations.
Pre-IPO access options may include: (1) secondary market platforms such as Forge Global or EquityZen that facilitate private share sales, (2) ETFs holding pre-IPO companies or venture portfolios, and (3) direct secondary share purchases if eligible as an accredited investor. TechStackIPO tracks availability but does not facilitate investments.
No. Rippling has not yet filed an S-1 registration statement with the SEC as of TechStackIPO's latest data update.
Rippling operates in the Enterprise Software sector. TechStackIPO tracks multiple Enterprise Software companies from seed through IPO, including their funding rounds, valuations, and IPO readiness scores. You can compare Rippling against other Enterprise Software companies using TechStackIPO's comparison tool.
Rippling is at the Series H stage. The company has raised a total of $3.2B in funding. Companies at this funding stage are typically scaling operations, expanding market share, and evaluating public market timing.
Rippling is headquartered in San Francisco, CA. The company's location can influence IPO exchange selection, regulatory requirements, and investor interest. Companies headquartered in major tech hubs often benefit from proximity to venture capital networks and talent pools.