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How to buy Databricks stock when it goes public

Here's everything we know so far about the Databricks IPO.

Databricks IPO date and ticker symbol

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.

How to buy Databricks stock when it starts trading

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.

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  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

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Latest updates for Databricks stock

June 12, 2024: Databricks told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year, according to CNBC.

June 4, 2024: Databricks is acquiring Tabular, a data-management startup that helps companies use a variety of open-source data formats, as the company looks to win artificial intelligence customers by making it easier for them to use their own data with AI, according to The Wall Street Journal.

May 29, 2024: ROI Training, the industry-recognized leader for cloud, data, and AI training, today announced a new partnership with Databricks. As a Databricks Authorized Training Partner, ROI Training will teach a comprehensive portfolio of courses and certification preparation programs to Databricks’ customers and partners, according to AccessWire.

What we know about the Databricks IPO

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.

How do similar companies perform?

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.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

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To make sure you get accurate and helpful information, this guide has been edited by Matt Miczulski as part of our fact-checking process.
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Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances. Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely. Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio

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