Rippling IPO Status
| IPO Status | Private — No S-1 filed |
| Valuation | $25B |
| Total Raised | $3.2B |
| ARR | $600M+ |
| Headquarters | San Francisco, CA |
| Founded | 2016 |
| CEO | Parker Conrad |
| Employees | 10K+ |
| IPO Readiness | 77/100 |
| S-1 Filed | ❌ Not yet |
About Rippling
Rippling is the unified HR, IT, and finance platform that replaces a constellation of point solutions — payroll, benefits, device management, spend management, and more — with a single, AI-powered system. Founded in 2016 by Parker Conrad (former co-founder of Zenefits) and Ryan Vaillancourt, Rippling has grown to $600M+ ARR and 10K+ employees, making it one of the fastest-growing enterprise SaaS companies in the world.
Rippling's core insight is that HR, IT, and finance operations are deeply interconnected — when an employee is onboarded, their payroll, benefits, laptop, email, and expense cards all need to be set up simultaneously. Rippling automates this entire workflow, saving companies hundreds of hours per year and eliminating the data inconsistencies that plague disconnected point solutions. The company competes with Workday ($50B+ market cap), Gusto, BambooHR, and Expensify.
Rippling's $25B valuation and $600M+ ARR make it a prime 2026-2027 IPO candidate. The company's AI-powered automation capabilities are a key differentiator — Rippling can automate routine HR and IT tasks like provisioning, policy enforcement, and compliance reporting. Key risks include the competitive intensity of the HR/IT space, the challenge of maintaining growth at scale, and the potential for economic downturns to slow HR software spending. TechStackIPO monitors Rippling's IPO readiness, funding rounds, and filing status in real time.
Rippling IPO FAQ
When will Rippling IPO?
Rippling has not announced a confirmed IPO date as of June 2026. The company is valued at $25B with $600M+ ARR and 10K+ employees — making it one of the highest-velocity enterprise SaaS IPO candidates. CEO Parker Conrad has been building toward a 2026-2027 listing window. TechStackIPO tracks Rippling's IPO readiness in real time.
What is Rippling's valuation in 2026?
Rippling's valuation is approximately $25 billion based on its $3.2B funding history. The company's rapid growth trajectory ($600M+ ARR from a standing start) and competitive positioning in the $80B+ HR/IT/finance software market have driven significant valuation appreciation. Rippling competes directly with Workday ($50B+ market cap) at a fraction of the public market multiple — making it an attractive pre-IPO investment.
Is Rippling publicly traded?
No. Rippling is a private company as of June 2026 and has not filed an S-1 with the SEC. You cannot buy Rippling stock on any public exchange. Pre-IPO shares may be available on secondary markets for accredited investors.
Rippling vs Workday: which is the better HR investment?
Rippling ($25B valuation, $600M+ ARR, HR+IT+Finance unified) vs Workday ($50B+ market cap, $7B+ ARR, enterprise HR/finance). Rippling is the pre-IPO opportunity with higher growth trajectory and a unified platform advantage; Workday is the established public company with proven at-scale revenue. Rippling's AI-powered automation and IT management features are its key differentiators. Both are strong plays on the $80B+ HR software market opportunity.
How can I invest in Rippling before IPO?
Rippling pre-IPO shares may be available on secondary market platforms including Forge Global, EquityZen, and Hiive for accredited investors. Given Rippling's $25B valuation and rapid ARR growth, demand for pre-IPO shares is high. TechStackIPO monitors Rippling's IPO readiness and filing status in real time.
📊 Pre-IPO Secondary Market Access
Track Rippling and other top SaaS IPO candidates on Hiive — the secondary market for private tech shares. Pre-IPO shares available for accredited investors.
View on Hiive →