Explore potential ways to buy Rippling stock as we approach the Rippling IPO date. Get access to select pre-IPO startups via the Fundrise Innovation Fund.
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Rippling Stock IPO Recent News
11/09/2023: Deel Hits $400 million ARR, Rippling Rivalry Grows 04/02/2023: Rippling needed $545 million for paychecks when SVB collapsed 03/17/2023: Rippling raises $500M in Series E financing 05/11/2022: Rippling raises $250M in Series D funding 10/21/2021: Parker Conrad’s Rippling is now valued at $6.5 billion 08/04/2020: Rippling nabs $145M at a $1.35B valuation 04/03/2019: Rippling raises $45M at $270M valuation
What is Rippling?
Rippling is a cloud software-as-a-service (SaaS) human resources (HR) company that provides management services for employee payroll, benefits, expenses, and more in a centralized platform. It also provides IT support for device and application management and financial management.
The founder is Parker Conrad, who previously founded Zenefits, a similar company that came under regulatory scrutiny in 2016. Conrad resigned in 2016 for inadequate compliance controls, primarily for using unlicensed brokers to sell health insurance.
Conrad quickly started his next company, Rippling, which attracted venture capital funding from multiple high-profile firms.
Rippling has quickly grown to a multi-billion dollar valuation.
The HR SaaS space is crowded with legacy companies such as SAP leading the pack and Rippling competitors Gusto and Justworks providing similar services on modern enterprise IT platforms.
Rippling’s headquarters are in San Francisco, CA.
Here’s the video product demonstration by Parker Conrad that helped land the Series C round:
Is Rippling Publicly Traded?
No. Rippling is a private company.
Who Owns Rippling?
Rippling is a venture-backed startup owned by Conrad, employees, and venture capital firms.
Rippling has raised nearly $1.2 billion in venture capital funding. The latest round was a Series E completed in March 2023. The total Series E funding round raised $500 million, largely due to the Silicon Valley Bank failure.
The raise was precautionary and ended up being unnecessary. The company completed the deal nonetheless.
Prominent venture capital investors include Sequoia Capital Global Equities, Global Growth, Greenoaks, Kleiner Perkins, Founders Fund, Initialized, Y Combinator, Bedrock Capital, and Coatue.
The latest Rippling Valuation was stated to be $11.25 billion based on the Series E funding round completed in March 2023. This was the same valuation as the round completed in 2022.
The author has seen implied valuations on pre-IPO marketplaces closer to $7 billion after the Series E.
When is the Rippling IPO Date?
The Rippling IPO date has yet to be determined. The company has not yet filed publicly for an IPO.
A Rippling IPO date is possible when broader IPO market sentiment improves.
However, the emergency $500 million funding round due to the SVP bank failure significantly boosted cash on hand. The company will unlikely need to raise new funds in the next year or two.
We’ll get clues about the potential Rippling IPO date when we learn about the hiring of an underwriter, an S-1 filing is submitted, or reporting discloses a date range.
What is the Rippling Stock Price?
A public Rippling stock price doesn’t trade yet. It’s a private company.
Private stock price information is becoming more available and reliable based on pre-IPO marketplace data and other sources.
However, the stock price is only the value of one share. Like public companies, the underlying valuation metrics, revenue, profitability, and market sentiment toward private companies are more significant factors than the share price.
What is the Rippling Stock Symbol? Rippling Ticker?
We’ll learn about the Rippling stock symbol once Rippling officially files for an IPO via Form S-1 with the SEC.
We can speculate a little about what the Rippling ticker will be.
Here are some suggestions which seem likely and are available in the U.S.:
Can You Buy Rippling on Pre-IPO Marketplaces?
The author has seen clear evidence of Rippling stock availability on multiple pre-IPO investing platforms.
The current inventory varies among pre-IPO platforms depending on when shares become available.
Equitybee provides accredited investors access to pre-IPO startups by funding employee stock options. In exchange, investors gain a portion of the future stock value.
Other pre-IPO platforms include EquityZen, Forge Global, and Linqto.
Check out our list of top pre-IPO investing platforms to learn more.
The SEC requires pre-IPO investors who buy stock directly to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
However, venture capital funds such as the Fundrise Innovation Fund and the ARK Venture Fund via Titan allow non-accredited investors to participate. Neither fund currently has Rippling stock as a holding.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
How to Invest in The Rippling IPO
Most investors will not be able to own Rippling stock via pre-IPO investing platforms because they require the investor to be accredited.
When the Rippling IPO date arrives, it will still be difficult for most investors to acquire IPO shares.
The most likely way investors will be able to own Rippling stock is to wait for the IPO and buy shares after it goes public. There may be other opportunities to own the stock before the IPO.
Here are some potential options to own Rippling stock before, during, and after the IPO.
1. Access Rippling Stock via Pre-IPO Investing Platforms
Rippling stock can become available on pre-IPO investing platforms at any time before the IPO.
Availability occurs when shareholders want to liquidate some of their shares before the public offering.
Retail investors must be accredited to be eligible to buy direct pre-IPO equity.
Second, investors must be registered on pre-IPO investing platforms to receive notifications when shares become available.
For share availability, Investors can watch pre-IPO investing platforms such as Equitybee, Forge Global, EquityZen, and Linqto.
If shares become available, plan to pay a $10,000 investment minimum. Signing up is free. You’ll get deal alerts by being a member.
Joining pre-IPO investing platforms is free. But each deal may have a minimum investment amount, varying by the deal.
Non-accredited investors can own pre-IPO companies via venture capital funds targeted to retail investors. Venture capital funds are a new asset class that emerged in 2022.
The Fundrise Innovation Fund and Titan’s ARK Venture Fund (review) are the primary options for non-accredited investors as of early 2023.
2. Buy Rippling during the Rippling IPO through a participating broker
Retail IPO investors may have an opportunity to invest during the initial public offering through a participating online broker. Investors may be able to acquire shares at the IPO price before the company begins trading.
Online brokers, including the ones listed below, give customers free access to IPOs, even with low account balances.
Brokers often negotiate exclusive access to IPO shares. The chances of accessing specific high-demand IPOs are limited by how many brokerage accounts you have.
TradeStation has a more established track record of accessing more than 300 IPOs and secondary offerings via its partnership with ClickIPO.
Robinhood and SoFi have a location advantage, being immersed in Silicon Valley venture capital networks.
Monitor our list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Rippling stock after the Rippling IPO
While waiting until after the IPO requires patience, it may offer benefits compared to owning the stock during the IPO.
Public companies provide access to more established financials after the initial trading quarter, unlike pre-IPO investing with limited financial information.
High-demand companies typically experience rising IPO stock prices, but valuations can become exaggerated.
Holding overvalued IPO stocks in 2022 led to negative investor returns. For instance, Rivian and Robinhood were soaring IPO stocks in 2021, but within six months, they plummeted over 80% from their peak prices.
These post-IPO stock price declines can present excellent opportunities to invest in disruptive companies for the long term.
It’s advisable to avoid purchasing overvalued shares immediately after the IPO since prices often drop due to lockup expirations and disappointing quarterly earnings. However, the most disruptive companies tend to appreciate over a decade, emphasizing the importance of patience.
Where is the Rippling IPO S-1 Filing?
The Rippling S-1 filing has not been released to the public, and there is no indication of a confidential filing. The document will become available if the company submits it to the SEC and the regulatory commission approves and releases it to the public.
We’ll post a copy of the S-1 filing on this page when it becomes available.
You can monitor the most recent S-1 IPO filings on this website.
Investors get excited when they identify companies riding extraordinary macroeconomic trends. Cloud SaaS companies like Rippling get a lot of attention because they are disruptive to legacy providers that have failed to innovate.
Pre-IPO investing platforms have opened more opportunities. But private equity investing is still primarily reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies.
Cautious retail investors may find access to shares before or during the IPO, which can lead to positive gains. But beware of overvalued IPOs.
If you decide to pursue IPO shares and early equity in Rippling, maintain reasonable expectations. Acquiring pre-IPO will be challenging. But if the Rippling IPO is on your watch list, good luck. Invest in pre-IPO and IPO companies with caution.
Read more: HR SaaS Startups
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long the Fundrise Innovation Fund, ARK Venture Fund, HOOD, RIVN, and SG.