When will the largest private companies go public?
When will Figure AI go public? IPO status
Short answer: As of October 28, 2026, Figure AI has not filed publicly for an IPO and no listing date has been announced.
IPO status: No IPO announced.
Reported valuation
Reported valuation: 39 bn USD, September 2025 (funding round). Source: Figure AI.
Series C post-money valuation.
Community forecast
0 of 5 forecasts so far: the community result is shown from 5 forecasts.
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Frequently asked questions
When will Figure AI go public?
As of October 28, 2026, Figure AI has not filed publicly for an IPO and no listing date has been announced.
Has Figure AI filed for an IPO?
No IPO announced. Public filings can be checked on SEC EDGAR, where an S-1 or F-1 appears once it is public.
What is Figure AI valued at?
The latest reported valuation is 39 bn USD (September 2025, source: Figure AI). It is a reported figure, not a market price.
Can I buy Figure AI shares before the IPO?
Figure AI shares are not listed. Before an IPO, shares change hands only in private transactions, such as secondary sales, funds or special purpose vehicles, usually reserved for qualified or accredited investors and subject to company approval and transfer restrictions. This is general information, not investment advice.
Where IPO information comes from
| Source | What it is | What to keep in mind |
|---|---|---|
| Public S-1 or F-1 on SEC EDGARSEC EDGAR, consulted on October 28, 2026 | The registration statement a company files publicly before a US listing, with audited financial statements. | The confirmed signal that a US IPO is getting close; the date still depends on the SEC review and on markets. |
| Confidential draft registration statementSEC, Division of Corporation Finance, consulted on October 28, 2026 | A draft the SEC reviews without publishing it; many companies announce that they have submitted one. | It confirms preparation, not a date; the public filing comes later. |
| Press reports citing people familiar with the matter | Reports by news agencies and newspapers on plans, dates and target valuations. | Often early and useful, but not confirmed by the company and subject to change. |
| Secondary market pricesUnicorn Private Research, consulted on October 28, 2026 | Prices of private transactions in existing shares, reported by brokers or the press. | Indicative and based on few trades; they are not a listing price. |
Updated: October 28, 2026
Community forecasts are opinions of users, not market prices and not investment advice. Reported valuations come from public sources and carry a date.
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