ICON ICON IPO
$1.73B
Series B-1 Valuation, Feb 2022
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Company Details

ICON was founded in 2017 by Jason Ballard, John Climax, and Ronan Lambe. In April 2023 founder of ICON Jason Ballard said in an interview with CNN regarding their contract with NASA: “There are no plans for a lunar base yet, but ICON’s tests will represent a significant step in that direction.” Before speaking with CNN, ICON was awarded $57 million from NASA in 2022 for testing on the moon. ICON has not officially endorsed a plan to participate in an IPO.

ICON is a 3D-printing construction technology developer. Per Forge data, they have an estimated revenue range of $500 million to $1 billion and have acquired 20 companies, the most recent being PRA Health Sciences for $12 billion. Key investors include Cubit Capital and Rival Holdings.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Subsector
Founded
2017
Forge Price 1
Price not yet available
Post-Money Valuation 3
$1.73B
Total Funding
$466.08MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series B-1

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Can you invest in ICON pre-IPO?

ICON is a privately held company and is not publicly traded, therefore investing in ICON pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of ICON before it goes public?

You can seek to sell your shares in ICON while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my ICON shares?

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Is ICON a publicly traded company?

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To learn more about ICON potential IPO

Will ICON go IPO?

ICON has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is ICON’s IPO price?

The ICON IPO price does not exist at this time, as ICON is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to ICON register for Forge Markets, today.

When was ICON founded?

ICON was founded in 2017.

What is ICON funding to date?

ICON has raised $466.08MM to date.
ICON Major Investors
Verbena Road Holdings
Moderne Ventures
D.R. Horton
Trust Ventures
Undisclosed Investors
Oakhouse Partners
Fifth Wall
Tiger Global Management
Citi
Wavemaker Partners
Shadow Ventures
Saturn Five
Norwest Venture Partners
Next Coast Ventures
Citi Crosstimbers Ventures
Emaar
Ironspring Ventures
Vulcan Capital
Caz Investments
8vc
Citi Crosstimbers
Cielo Property Group
Bond
Engage Ventures
Ensemble
Capital Factory
Microventures
Bjarke Ingels Group
Sand Hill Angels
Lenx

ICON Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
02/18/2022 Series B-1 $185MM $xx.xx $1.73B 8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners, Tiger Global Management
Price per Share
$xx.xx
Shares Outstanding
6,369,466
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners, Tiger Global Management
08/24/2021 Series Junior $14MM $xx.xx $829.39MM 8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners
Price per Share
$xx.xx
Shares Outstanding
1,728,080
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners
08/24/2021 Series B $207.62MM $xx.xx $829.39MM 8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners
Price per Share
$xx.xx
Shares Outstanding
12,813,951
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Bjarke Ingels Group, Bond, Citi Crosstimbers, Ensemble, Fifth Wall, Lenx, Moderne Ventures, Norwest Venture Partners, Oakhouse Partners
12/23/2020 Series A-1 $15.5MM $xx.xx $182.58MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
2,745,411
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
08/19/2020 Series A $34.95MM $xx.xx $106.06MM Bjarke Ingels Group, Caz Investments, Citi Crosstimbers Ventures, Ironspring Ventures, Moderne Ventures, Next Coast Ventures, Oakhouse Partners, Trust Ventures, Vulcan Capital, Wavemaker Partners
Price per Share
$xx.xx
Shares Outstanding
8,849,225
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bjarke Ingels Group, Caz Investments, Citi Crosstimbers Ventures, Ironspring Ventures, Moderne Ventures, Next Coast Ventures, Oakhouse Partners, Trust Ventures, Vulcan Capital, Wavemaker Partners
10/17/2018 Series Seed $9MM $xx.xx $25.71MM Capital Factory, Caz Investments, Cielo Property Group, D.R. Horton, Emaar, Engage Ventures, Microventures, Oakhouse Partners, Saturn Five, Shadow Ventures, Trust Ventures, Verbena Road Holdings, Vulcan Capital
Price per Share
$xx.xx
Shares Outstanding
4,575,958
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capital Factory, Caz Investments, Cielo Property Group, D.R. Horton, Emaar, Engage Ventures, Microventures, Oakhouse Partners, Saturn Five, Shadow Ventures, Trust Ventures, Verbena Road Holdings, Vulcan Capital
Private Companies Exploring an IPO
Last Funding Round
Company Forge Price Forge Price Change 5 Last Closed Trade Share Class Post-Money Valuation Price per Share Amount Raised
CerebrasCerebras$40.08+9.9%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86-0.04%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$12.96-4.07%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$24.71+2.49%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.47-0.11%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-18.31%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 17, 2025

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