Ten startups are best positioned to dominate venture secondary trading once the industry’s biggest names leave the private market, the firm argues. Also, investor focus isn’t set on generative AI alone.
Leading the group is Stripe, which carries an estimated $171 billion valuation and a 92% probability of going public within three years, according to PitchBook. The payments giant has remained one of the most actively traded private companies, giving secondary investors a rare opportunity to gain exposure to a fintech leader that has stayed private for more than a decade.
Databricks follows closely behind. Despite a $146.8 billion valuation, PitchBook gives the data and AI infrastructure company a lower near-term IPO probability of 23% within three years and a 69% chance of a public listing within five years. This keeps the cloud-based data intelligence platform among the most closely watched private market names.
Defense, Consumer Tech And Emerging Financial Platforms
Anduril Industries, valued at $64.5 billion, has become one of the largest private defense technology companies as investor interest grows around autonomous systems and national security spending. Meanwhile, Shield AI, valued at $13.9 billion, represents a smaller but fast-growing defense AI player that PitchBook expects could have an 80% chance of going public within five years.
