AI SDK weekly downloadsMore than 3 millionCompany disclosure · Sep 30, 2025
Series F primary financing$300 millionPrivate financing · Sep 30, 2025
Series F private valuation$9.3 billionPrivate company valuation · Sep 30, 2025
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Private valuation history
Dated private-company valuations · USD
Hover or tap to inspect values
$9.3B▲ +186.2% since first observationLatest observation · 2025-09-30
- Private valuation
2024-05-162024-05-162025-09-302025-09-30
First valuation$3.3B2024-05-16
Latest valuation$9.3B2025-09-30
Observations22024-05-16 – 2025-09-30
Valuation change+186.2%since first observation
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
Capital raised per round
Capital announced per private funding round · USD
Hover or tap to inspect values
$300MLatest round · 2025-09-30
- Round capital
2024-05-162024-05-162025-09-302025-09-30
First round$250M2024-05-16
Latest round$300M2025-09-30
Recorded rounds22024-05-16 – 2025-09-30
Largest round$300M2025-09-30
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
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
Vercel provides infrastructure and developer tools for web and AI applications. Guillermo Rauch discussed a possible 2027 IPO in an April 2026 interview; that ambition is not a confirmed offering schedule.
Key takeaway 1
2027 is a CEO ambition, not a scheduled IPO.
Key takeaway 2
Open-source downloads do not equal paying customers.
Company in detail
Vercel connects software creation with the infrastructure needed to operate applications. Next.js gives developers a web framework; the hosted platform supplies deployment and delivery. v0 broadens the product toward creating applications through prompts, while AI SDK helps developers connect to AI models. Together these address several stages of turning an idea into a working application.
The commercial opportunity is to turn developer adoption into lasting infrastructure and enterprise spending. Downloads demonstrate interest in open-source tools, but do not count unique developers or paying accounts. Our analysis would trace the relationship between the ecosystem and the paid platform rather than treat downloads as recurring revenue.
Founder and CEO Guillermo Rauch discussed a potential 2027 listing in a direct April interview. The statement describes an ambition subject to readiness and market conditions. The reviewed sources provide no issuer-confirmed IPO date or public offering terms.
Series E and F are private financing events. Series F also included a separately announced tender offer, which must not be added to primary capital raised. Our assessment would focus on infrastructure margins, customer concentration and whether AI-assisted creation produces applications customers continue paying to operate. Framework popularity and cloud-platform economics require distinct analysis.
Operating metrics
AI SDK weekly downloads
More than 3 millionPackage downloads at announcement; neither unique users nor paying customers.
Sep 30, 2025Company profile
- Legal name
- Vercel
- Founded
- 2015
- Headquarters
- San Francisco, United States
- Founder and CEO
- Guillermo Rauch
- Web framework
- Next.js
- AI development tools
- v0 and AI SDK
- Platform capabilities
- Deployment, delivery and application security
- Employees
- No published figure
Timeline
- Series E announced
Issuer Business Wire release disclosed private financing.
- Series F announced
Primary financing and separate tender.
- CEO discusses IPO ambition
Interview discusses 2027 horizon.
Sources
AI SDK weekly downloads
More than 3 millionPackage downloads at announcement; neither unique users nor paying customers.
Series F primary financing
$300millionPrivate primary round; approximately $300 million tender was separate.
Series F private valuation
$9.3billionIssuer-disclosed private valuation; pre-/post-money basis unspecified.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No reported financial periods with figures available
Revenue
No published financial dataReported financial periods will appear here when available.
No reported period with figures
Financial results are not available in the sources listed here.
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 |
|---|---|---|---|
| Vercel | — | — | — |
| 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
Series F private valuation
$9.3 billionIssuer-disclosed private valuation; pre-/post-money basis unspecified.
Source · Sep 30, 2025Series F primary financing
$300 millionPrivate primary round; approximately $300 million tender was separate.
Source · Sep 30, 2025IpoHub 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 analysisInfrastructure economics
Our analysis would examine delivery costs and growing AI workload economics.
Ecosystem conversion
Open-source adoption alone does not establish paid conversion or customer retention.
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
Vercel IPO: where and how to invest
Where can I invest in the Vercel IPO?
The Vercel 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 Vercel shares now?
Public trading in Vercel 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 Vercel IPO?
A confirmed first trading day for Vercel has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the Vercel IPO share price?
A confirmed IPO offer price for Vercel has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is Vercel's stock ticker and exchange?
A stock ticker for Vercel 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 Vercel shares before the IPO?
Private transactions or funds may sometimes provide exposure to Vercel 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 Vercel IPO prospectus?
Check Vercel's official investor-relations announcements and publications from the relevant regulator and exchange. The company sources and documents on this page provide a starting point. 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 Vercel IPO
Is a 2027 IPO guaranteed?
Rauch discussed a possible listing; the offer date is unconfirmed.
Was the tender part of Series F proceeds?
The company announced a separate liquidity offer, not additional primary funding.
Learn more about IPO access and private investments: Investor.gov · FINRA
Similar IPOs
All IPOs →Not investment advice. Private market prices are dated model estimates. Community votes are not a recommendation.