Top 10 Unicorns That Could Go Public Next in 2025
The world of unicorns—startups valued at £1 billion or more—is filled with companies on the verge of making their next big leap: going public. The Initial Public Offering (IPO) is often seen as the pinnacle of success for startups, and in 2025, several high-profile unicorns are preparing to take that step. Whether it’s technology, healthcare, or fintech, these companies are making waves in their industries and are poised to redefine the markets when they go public. Here’s a look at the Top 10 Unicorns That Could Go Public Next.
- Stripe
Valuation: £50 Billion
Sector: Fintech
Founded: 2010
Headquarters: San Francisco, California
Description:
As one of the most prominent fintech companies in the world, Stripe has revolutionised online payment processing. The company simplifies transactions for businesses of all sizes, offering solutions for payments, fraud prevention, and business tools. With its rapid growth and major partnerships with companies like Amazon, Shopify, and Google, Stripe is a prime candidate for a highly anticipated IPO. Analysts have long predicted that Stripe could go public, possibly in 2025, as it continues to expand globally.
Why It Could Go Public Next:- Strong financial performance and profitability
- Dominance in online payments and e-commerce infrastructure
- Multiple rounds of successful funding and strategic acquisitions
- Databricks
Valuation: £43 Billion
Sector: Data Analytics, AI
Founded: 2013
Headquarters: San Francisco, California
Description:
Databricks is a leader in data and artificial intelligence, providing unified analytics solutions that help businesses harness the power of their data. Known for its cutting-edge platform built on Apache Spark, Databricks is trusted by global enterprises like Microsoft and Amazon. With demand for AI and data-driven insights continuing to soar, Databricks is one of the most anticipated IPO candidates in the tech world.
Why It Could Go Public Next:- Leadership in the big data and AI space
- Robust financial growth and key partnerships
- High valuation and demand for data-driven solutions
- Instacart
Valuation: £39 Billion
Sector: Grocery Delivery, E-commerce
Founded: 2012
Headquarters: San Francisco, California
Description:
Instacart has become the go-to platform for grocery delivery, enabling consumers to shop from major retailers like Costco, Kroger, and Walmart. The company experienced massive growth during the COVID-19 pandemic and has continued to expand its services in the post-pandemic world. Instacart filed its IPO paperwork in 2023 and is one of the hottest unicorns expected to go public in 2025.
Why It Could Go Public Next:- Strong growth in the grocery delivery market
- IPO filing already in process, setting the stage for an upcoming launch
- Expansion into new verticals like advertising and fintech
- Chime
Valuation: £25 Billion
Sector: Fintech, Digital Banking
Founded: 2013
Headquarters: San Francisco, California
Description:
Chime has rapidly become one of the most popular neobanks in the U.S., offering fee-free banking services, credit-building tools, and high-yield savings accounts. With the shift towards digital-first financial services, Chime is well-positioned to capitalise on the growing demand for online banking. Its strong user base and innovative services make it a likely candidate for an IPO, possibly in 2025.
Why It Could Go Public Next:- Large customer base and market share in digital banking
- Continuous growth in revenue and user acquisition
- Favourable market conditions for fintech IPOs
- Airbnb
Valuation: £30 Billion
Sector: Travel, Hospitality
Founded: 2008
Headquarters: San Francisco, California
Description:
Although Airbnb went public in 2020, it remains a critical player in the travel and hospitality space. The company has revolutionised how people book accommodations globally and continues to expand its offerings beyond short-term rentals. As travel rebounds post-pandemic, Airbnb’s platform has seen increased demand. A secondary offering or new IPO could be in the cards as the company explores further growth in the evolving travel ecosystem.
Why It Could Go Public Again:- Strong recovery in the travel and hospitality industry
- Expansion into experiences and luxury travel
- Huge international market potential
- Klarna
Valuation: £45 Billion
Sector: Fintech, Buy Now, Pay Later (BNPL)
Founded: 2005
Headquarters: Stockholm, Sweden
Description:
Klarna has established itself as the global leader in the Buy Now, Pay Later (BNPL) space, enabling consumers to make purchases and pay later in instalments. Klarna’s easy-to-use payment platform has attracted millions of users worldwide, and its integration with major retailers like H&M and Sephora has solidified its place in the market. Despite regulatory hurdles in Europe and the U.S., Klarna has shown strong growth and is eyeing an IPO.
Why It Could Go Public Next:- Dominance in the fast-growing BNPL market
- Expansion into new markets, particularly the U.S.
- Continuous innovation in consumer payment solutions
- Discord
Valuation: £15 Billion
Sector: Communication, Social Media
Founded: 2015
Headquarters: San Francisco, California
Description:
Initially created as a communication platform for gamers, Discord has evolved into one of the most popular communication tools for online communities, spanning interests from gaming to education and entertainment. With over 150 million active users, Discord is now a critical player in the social media and communications landscape. The company is reportedly exploring a potential IPO in 2025 to fuel its next phase of growth.
Why It Could Go Public Next:- Massive user base and platform engagement
- Strong potential for monetisation through premium subscriptions
- Robust brand loyalty and community-driven content
- Rubrik
Valuation: £8 Billion
Sector: Cloud Security, Data Management
Founded: 2014
Headquarters: Palo Alto, California
Description:
Rubrik is a leader in cloud data management, providing enterprises with solutions for data backup, disaster recovery, and security. As more organisations shift to the cloud, Rubrik’s platform helps them manage vast amounts of data securely and efficiently. The company’s consistent growth and strategic acquisitions position it as a strong IPO candidate in 2025, particularly as demand for data protection solutions continues to surge.
Why It Could Go Public Next:- Strong customer base in enterprise cloud data management
- Growing market demand for data protection and cloud security
- Robust revenue growth and strategic product offerings
- Robinhood
Valuation: £11.7 Billion
Sector: Fintech, Trading
Founded: 2013
Headquarters: Menlo Park, California
Description:
Robinhood revolutionised retail investing with its no-fee trading platform, allowing everyday consumers to trade stocks, options, and cryptocurrencies without commissions. The company’s mission is to democratise finance for all, and it has seen explosive growth in recent years. Although Robinhood went public in 2021, further capital raises or a secondary offering might be in the cards as it seeks to expand its services in the fintech space.
Why It Could Go Public Again:- Strong user base in retail trading
- Expansion into crypto trading and investment products
- Significant opportunities for further market expansion and product diversification
- Epic Games
Valuation: £31.5 Billion
Sector: Gaming, Entertainment
Founded: 1991
Headquarters: Cary, North Carolina
Description:
Best known for the global sensation Fortnite, Epic Games is one of the most influential players in the gaming and digital entertainment industries. The company has also made a name for itself with its Unreal Engine, which powers some of the most advanced and visually stunning video games and virtual experiences. Epic Games has consistently considered an IPO as it continues to expand its reach in gaming, virtual reality, and digital assets.
Why It Could Go Public Next:
- Dominance in the gaming and metaverse spaces
- Success of Fortnite and other high-profile titles
- Expansion into virtual reality and game development tools