Annualized revenueMore than USD 1 billionCompany disclosure · Jun 1, 2026
Series F financingUSD 750 millionPrivate financing · Jun 4, 2026
Private Series F valuationUSD 44 billionPrivate company valuation · Jun 4, 2026
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Private valuation history
Dated private-company valuations · USD
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$44B▲ +37.5% since first observationLatest observation · 2026 Series F
- Private valuation
2025 round2025 round2026 Series F2026 Series F
First valuation$32B2025 round
Latest valuation$44B2026 Series F
Observations22025 round – 2026 Series F
Valuation change+37.5%since first observation
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Capital raised per round
Capital announced per private funding round · USD
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$750MLatest round · 2026 Series F
- Round capital
2025 primary2025 primary2026 Series F2026 Series F
First round$300M2025 primary
Latest round$750M2026 Series F
Recorded rounds22025 primary – 2026 Series F
Largest round$750M2026 Series F
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IPO recap
Offering not completed
IPO date, ticker, and IPO offer price are not yet confirmed.
Filed—
Pricing—
First trade—
Lockup ends—
The short version
Ramp's September partnership embeds spending and bill payments in ServiceTitan. Its June Series F remains a private financing reference, with no confirmed IPO timetable.
Key takeaway 1
No confirmed IPO timetable or public prospectus.
Key takeaway 2
ServiceTitan provides a new industry-specific distribution route.
Key takeaway 3
June financing and annualized operating metrics are separate measures.
Company in detail
Ramp brings corporate cards, expense management, procurement, bill payments and travel into one financial operations platform. It is a technology provider whose card services use partner banks. The investment question is how much value comes from payment activity and how much from software that makes a finance team's work easier.
The company broadened its distribution on 30 September 2026 through a partnership with ServiceTitan. Contractors can connect Ramp spending and payment tools with software used to run their jobs. ServiceTitan described this as Ramp's first embedded partnership within a vertical software platform. Our interpretation is that industry-specific distribution could help Ramp reach customers through an existing operational workflow.
This does not yet establish the partnership's revenue contribution. Our assessment would test adoption, acquisition costs, support requirements and how fees are shared. Connecting spend to individual projects could make the product useful, but usefulness and profitable growth need separate evidence.
Ramp announced $750 million of primary financing at a $44 billion private valuation in June 2026. Its reported annualized revenue above $1 billion was a run rate as of 1 June, rather than audited revenue for a completed year. Annualized purchase volume measures customer activity, not company income.
As of 7 October 2026, no confirmed IPO timetable or public prospectus was identified. A future filing would need to explain payment and subscription economics, customer retention, bank-partner obligations and the costs of expansion. Private financing and new products support the watchlist case without defining public offering terms.
Operating metrics
Annualized revenue
More than USD 1 billionCompany-reported run rate; not audited annual revenue.
Jun 1, 2026Customers
More than 70,000Company-reported customer count as of 1 June, disclosed with Series F; not a monthly active user count.
Jun 1, 2026Annualized purchase volume
USD 200 billionCompany run rate as of 1 June; excludes bank transfers and non-monetized payments. Not Ramp revenue.
Jun 1, 2026Company profile
- Legal name
- Ramp Business Corporation
- Founded
- 2019
- Headquarters
- New York, United States
- CEO and co-founder
- Eric Glyman
- Co-founders
- Eric Glyman, Karim Atiyeh and Gene Lee
- Products
- Corporate cards, expenses, procurement, bill payments and travel
- Banking model
- Technology provider using partner banks for card issuance
- Employees
- No published figure
Timeline
- Primary round and tender
USD 300 million primary financing at a USD 32 billion private valuation.
- Operating scale disclosure
Reported more than 70,000 customers.
- Series F
Announced USD 750 million primary financing.
- ServiceTitan embedded partnership
Bill Pay and Expense Management integrated with contractor software; no incremental revenue estimate disclosed.
Annualized revenue
More than USD 1 billionCompany-reported run rate; not audited annual revenue.
Series F financing
USD 750 millionPrimary equity financing announced June 2026.
Private Series F valuation
USD 44 billionAnnounced private financing valuation, not an IPO valuation.
Employees
—No published figure
Customers
More than 70,000Company-reported customer count as of 1 June, disclosed with Series F; not a monthly active user count.
Annualized purchase volume
USD 200 billionCompany run rate as of 1 June; excludes bank transfers and non-monetized payments. Not Ramp revenue.
Financials
No complete financial history available
Revenue
Financial history unavailableComparable financial periods will appear here when available.
No comparable financial series
Available dated disclosures are included in the company overview. View disclosures →
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Ramp | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Private Series F valuation
USD 44 billionAnnounced private financing valuation, not an IPO valuation.
Series F financing
USD 750 millionPrimary equity financing announced June 2026.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
—
Use of proceeds—
Allocation percentages—
Net proceeds—
Details on the use of IPO proceeds are not available.
Key risks
Editorial analysisPartner dependence
Bank partners and distribution platforms can affect product availability and economics.
Distribution costs
Our assessment would examine revenue sharing, implementation work and support costs of embedded distribution.
Growth quality
Reported run rates need completed-period financial statements and retention disclosures.
Deal terms
- Ticker
- Not confirmed
- Exchange
- Not confirmed
- IPO price
- Not confirmed
- Price range
- Not confirmed
- Pricing date
- Not confirmed
- First trading day
- Not confirmed
- Shares offered
- Not confirmed
- Deal size
- Not confirmed
- Underwriters
- Not confirmed
- Greenshoe shares
- Not confirmed
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Ramp IPO: where and how to invest
Where can I invest in the Ramp IPO?
The Ramp IPO is currently marked as rumored; public share trading is not yet confirmed in this profile. If IPO subscriptions become available, you need a broker offering that specific deal to investors in your country. Having an account does not guarantee an allocation. After a confirmed listing, you can look for a broker that supports the relevant exchange.
Can I buy Ramp shares now?
Public trading in Ramp shares is not yet confirmed here. An announced or priced offering does not automatically mean you can buy the stock on an exchange. An IPO subscription and a private share purchase each have separate access requirements.
When is the Ramp IPO?
A confirmed first trading day for Ramp has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the Ramp IPO share price?
A confirmed IPO offer price for Ramp has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is Ramp's stock ticker and exchange?
A stock ticker for Ramp has not yet been confirmed here. An exchange has not yet been confirmed here. A proposed symbol or exchange does not establish that trading has begun. Verify the final listing announcement before placing an order.
Can I buy Ramp shares before the IPO?
Private transactions or funds may sometimes provide exposure to Ramp if a specific offer exists and you meet its requirements. This profile does not confirm an available private offer. A fund interest may provide indirect exposure rather than direct ownership of company shares. Private investments can have resale restrictions, uncertain valuations and limited exit options; a future IPO is not guaranteed.
Where can I find the Ramp IPO prospectus?
Check Ramp's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Ramp IPO
When is Ramp's IPO?
No confirmed offering date or public prospectus was identified as of 7 October 2026.
What does the $44 billion figure mean?
It is the private valuation announced with the June 2026 Series F.
Is the revenue run rate annual revenue?
No. Ramp reported an annualized pace above $1 billion as of 1 June 2026.
Why does the ServiceTitan partnership matter?
It embeds spending and bill-payment tools in contractors' existing software; its financial contribution remains undisclosed.
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