5 Hottest Upcoming IPOs to Watch in 2022

3. Databricks

Potential IPO Valuation: $38 Billion

Expected Date of IPO: Second Half of 2022

Databricks is an American enterprise software company that provides solutions for data engineering, data science, and business analytics. Databricks also offers a platform for machine learning, data storage & processing, streaming analytics, and business intelligence. The company was founded in 2013 and is headquartered in San Francisco, with operations in Canada, the United Kingdom, the Netherlands, Singapore, Australia, Germany, France, Japan, China, India, and Brazil.

In February 2022, Bloomberg reported that Databricks has raised $3.5 billion via funding rounds led by Morgan Stanley, Franklin Templeton, Amazon Web Services, and Andreessen Horowitz among other investors, bringing its valuation to $38 billion. Databricks is among the most valuable startups in the world and has over 7000 corporations across the globe using its platform.