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Leading Tech Companies Poised for IPO: Stripe, Databricks, Discord, SHEIN, Zepto & Others

By: Adamu Garba

November 28, 2025

4 minute read

Explore the top tech companies expected to launch IPOs soon, including Stripe, Databricks, Zepto, SHEIN, Discord, Cerebras Systems, Skims, and Cohesity. Learn about their growth, valuation, and market potential.

The global IPO landscape is gaining momentum again, with numerous high-growth tech firms preparing to enter the public markets. After years of raising private capital and achieving major valuations, these companies are now aligning their strategies for potential listings. From AI hardware innovators to fintech leaders and consumer brands, here are the most anticipated tech IPO candidates expected to debut soon.

1. Databricks — AI & Data Engineering Leader

Databricks is frequently mentioned as one of the most awaited IPOs.
The company, valued at over $43 billion, continues to scale rapidly through AI and unified data solutions.

Why Databricks Is Expected to Go Public

  • Strong enterprise demand for its Lakehouse platform
  • Growing footprint in generative AI solutions
  • Annual revenue surpassing $1 billion

When Databricks files, it could become one of the largest tech IPOs of the decade.

2. Zepto — India’s Rapidly-Growing Q-Commerce Startup

Zepto has transformed India’s quick-commerce industry with ultra-fast 10-minute deliveries in major cities.

Why Zepto May IPO Soon

  • First Q-commerce company in India to reach profitability
  • Rapid expansion and strong customer adoption
  • Increased investor confidence after attaining unicorn status

Zepto is well-positioned to become a standout IPO from India’s tech sector.

3. Upgrade — High-Growth U.S. Fintech Company

Upgrade has emerged as a major player in the U.S. fintech ecosystem, especially in personal loans and credit products.

Why Upgrade Is Preparing for an IPO

  • Consistent profitability
  • Strong growth in loan originations
  • Scalable model serving credit-focused consumers

Analysts expect Upgrade to be one of the strongest fintech IPO candidates in the coming cycle.

4. Cerebras Systems — Cutting-Edge AI Chip Innovator

Cerebras Systems is gaining global attention for its wafer-scale AI chips, built to rival Nvidia in advanced computing.

Why Cerebras Is Likely to Go Public

  • Soaring demand for AI infrastructure
  • Strategic partnerships with top research institutions
  • Unique hardware advantage for training large AI models

Cerebras could draw widespread investor interest amid the ongoing AI accelerator boom.

5. Stripe — The Most Anticipated IPO in Fintech

Stripe remains one of the world’s most valuable private fintech companies, valued at more than $50 billion.

Why Stripe Is Expected to List

  • Strong global payments network
  • Expansion into tax, lending, and business software
  • Massive and diverse customer base

If Stripe lists, it could be one of the most influential IPO events of the decade.

6. Discord — Communication Platform with Massive Global Reach

Discord has evolved far beyond gaming to become a central platform for digital communities.

Why Discord May Pursue an IPO

  • Growing user base beyond gaming
  • Sustainable revenue through Nitro subscriptions
  • High engagement levels across global communities

A Discord IPO would attract strong interest from both tech investors and community-driven platforms.

7. Skims — Fast-Growing Fashion & Shapewear Brand

Backed by Kim Kardashian, Skims has grown into a multi-billion-dollar apparel brand.

Why Skims Is Expected to Go Public

  • Explosive revenue growth in apparel and shapewear
  • Strong brand influence and global marketing power
  • Expansion into menswear and other lifestyle categories

Skims is a top contender for one of the biggest consumer brand IPOs.

8. SHEIN — Global Fast-Fashion Phenomenon

SHEIN continues to dominate fast fashion with its global e-commerce footprint.

Why SHEIN Is Preparing for an IPO

  • Massive revenue base, reportedly exceeding $30B
  • Growing marketplace model for third-party sellers
  • Heightened calls for improved regulatory transparency

SHEIN’s IPO could be one of the largest retail offerings in recent history.

9. Cohesity — Enterprise Data Security and Management Leader

Cohesity specializes in data backup, security, and AI-powered data insights for enterprises.

Why Cohesity Might IPO Soon

  • Rising demand for cybersecurity and resilient data infrastructure
  • Partnerships with major cloud players like AWS, Google, and Cisco
  • Strong momentum in subscription-based revenue

Industry analysts believe Cohesity is approaching IPO readiness.

Conclusion

From AI innovators and fintech giants to fashion disruptors and social platforms, these top tech companies gearing up for IPOs represent the next major wave of market-shaping public offerings. Investors and analysts will be watching closely as these high-growth firms take their next strategic steps.

These IPOs have the potential to reshape market dynamics and create new investment opportunities in the coming years.

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