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Latest updates on Patreon Stock

Investors are eagerly awaiting Patreon’s IPO. The leading content monetization platform could hit the public markets in 2022 or 2023. So what’s the latest news on Patreon stock?

Patreon IPO: About the platform

Patron is a subscription-based service that connects content creators with their fans. It allows content creators to acquire, manage, and entertain paying customers with its platform tools. The service works as a sort of middleman between content creators and their fans.

Content creators in all spheres of entertainment have also been able to monetize their content with this platform. Creating subscription offers allows creators to interact with their fans in a relaxed way and often while making a profit.

In order to make money, the company takes a cut of what creators earn using its platform, usually in the form of a flat fee. Depending on which company services a creator uses, Patreon typically charges them 5-12%. There are light, Pro and Prime services available.

Patreon has been a long-time player for content creators since 2013. Additionally, the company is facing questions about Patreon’s IPO after its surge in popularity during COVID-19 when people found themselves finding new sources of entertainment.

Patreon capitalizes on the pandemic

While the company was popular before 2020, the pandemic boosted its business. During the COVID-19 outbreak, creators have come under pressure to put more of their work online. As a result, Patreon has seen a record increase in popularity.

A number of new players have entered the creator monetization space during the pandemic. However, Patreon has already built up a massive network over the past nine years. Over 50,000 creators signed up to Patreon during the month of March 2020, Patreon wrote in a blog post.

Additionally, people were stuck at home for most of the day due to the pandemic. As a result, many people have had to find new ways to pass the time. And the company plans to keep up with recent user growth. The CPO of the company announcement the company will double in size in 2022. So what does this mean for the company’s finances?

Patreon IPO: A Look at the Financials

In 2022, Patreon raised over $413 million in total funding. The company’s most recent funding round was in April 2021. Tiger Global led the $155 million funding round and landed Patreon a $4 billion business valuation.

The funding round also received participation from Woodline Partners and previous investors Wellington Management, Lone Pine Capital, New Enterprise Associates, Glade Brook Capital and DFJ Growth.

Compared to Patreon’s previous round, its valuation has more than tripled. Patreon had already raised $90 million in financing, which valued the company at $1.2 billion.

In addition, the company shows promising financial figures for its creators. In November 2020, the creators of Patreon had collectively earned $2 billion of their fans. In addition, in December 2021, profits climbed to $3.5 billion.

The tripled valuation and earnings signal the company’s growth. Additionally, the company’s funding cycles are similar to those of other companies that have taken the plunge to go public. So what does this mean for the Patreon IPO?

When will Patreon go public?

There has been no official announcement for Patreon’s IPO. The company has yet to file paperwork with the Securities and Exchange Commission (SEC) to begin the IPO process. However, there were rumors that the company was planning to go public in 2021. In response, Patreon CFO Kerri Pollard said…

I think all options are on the table at this point, and the IPO is certainly one of them, but at this time we have no immediate plans.

So far, there have been no further announcements for Patreon’s IPO. So, investors shouldn’t hold their breath for news of the public debut anytime soon. However, when the company plunges into the public market, Patreon’s stock will likely be listed on the New York Stock Exchange or the Nasdaq stock exchange.

Stay tuned for the latest news on the company’s public debut. As always, be sure to do your research before investing. IPOs can be volatile for the first few months. And stock prices can change quickly. But if IPO investing interests you, check out our top recent IPOs and IPO timeline. We update it daily to give you the latest news on upcoming and filed IPOs.

Aimee Bohn is a graduate of the College of Business and Economics at Towson University. His background in marketing research helps him uncover interesting trends. Over the past year, she has primarily focused on researching IPOs and other trends.