Databricks IPO date is to be announced. The company does not have a ticker symbol or stock code.
Databricks Inc, best known for its unified data analytics platform, is reportedly considering an IPO later this year. According to a Bloomberg report, the company was valued at $6.2 billion in 2019. But the company announced new funding on Feb. 1, 2021 from investors including Amazon and Alphabet that valued the company at $28 billion, CNBC reported.
Databricks is an American software company founded in 2013 and headquartered in San Francisco. The company develops a web-based platform that builds and shares data, analytics and AI solutions. More than 9,000 organizations globally use Databricks's solutions for their data engineering and business analytics of departments. The company raised a $500 million round in 2023 which valued the company at $43 billion.
Here's what we know so far about the IPO — and how to invest when the stock goes public.
Once Databricks goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
October 25, 2024: Amid investor concern over stiff competition with Databricks, SNOW stock has retreated about 41% in 2024, according to Investor’s Business Daily.
October 15, 2024: Amazon and Databricks have struck a five-year deal that could cut costs for businesses seeking to build their own AI capabilities. Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own, according to The Wall Street Journal.
October 8, 2024: Databricks on Tuesday unveiled Databricks Apps, a suite of features that aims to make it easier for users to build customized data and AI applications, according to Tech Target.
Databricks is expected to go public, although it has not yet filed a viewable registration document with the US Securities and Exchange Commission (SEC).
The exact IPO date has not been announced. There's no news yet about how much the stock will cost when it goes public. We'll update this page with more information as it becomes available.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Databricks stock.
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