Neo4j Upcoming IPO: Charting a course toward going public
Big data and analytics may seem like yesterday's news, with AI now taking center stage, but making AI possible requires creating connections between vast quantities of data. That's where technology like graph database management systems comes into play, and one of the most prominent companies in this space is Neo4j.
After reaching a valuation of over $2 billion with its 2021 Series F,5 Neo4j has been fairly quiet from an external investment perspective. However, in February 2024, Bloomberg reported that Neo4j was planning an IPO on Nasdaq once the conditions for IPOs improved as a whole, according to its largest investor, Greenbridge Investment.6 Since then, Neo4j has not announced any specific IPO plans.
Accredited investors who are interested in gaining exposure to Neo4j ahead of a potential IPO may be able to access pre-IPO shares through a private marketplace such as Forge, subject to availability.
Neo4j: Company background
Neo4j is a graph database company that helps other businesses build and identify connections from within their own datasets.
The company's roots date back to 2000, when its founders — Emil Eifrem, Johan Svensson and Peter Neubauer — identified issues with relational database management system software7 and started to create a prototype of Neo4j's graph database technology.8
In 2007, the company was officially formed in Sweden, and in 2011 it relocated to Silicon Valley and raised its Series A.9
Today, Eifrem remains as Neo4j's CEO.10
Neo4j IPO date and timeline
While Neo4j has not filed an S-1 or announced a formal IPO timeline, the company has shown indications of preparing for the public markets. In February 2024, Bloomberg reported that Greenbridge Investment, Neo4j's largest investor, stated the company is planning a Nasdaq IPO once broader market conditions improve.11
The exact timing of a Neo4j IPO will likely depend on several factors, including the overall health of the IPO market, the company's financial readiness and the competitive landscape for AI infrastructure companies. Investors may monitor developments and track other pending public offerings on Forge's upcoming IPO calendar.
Neo4j's role in the graph database and AI market: Helping large companies create data connections
Graph technology isn't something that the average person directly uses, but it's what enables companies to create complex connections between large quantities of data for purposes such as identity verification, fraud detection and generative AI applications.12
"Graphs form the foundation of many modern data and analytics capabilities to find relationships between people, places, things, events and locations across diverse data assets," explained Gartner.13
Overall, the graph technology market is projected to reach $15.8 billion by 2030, with a compound annual growth rate of 22% from 2023-2030, according to Grand View Research.14
Neo4j crossed $100 million in annual recurring revenue (ARR) in 2021 and exceeded $200 million in 2024.15 The company's clients account for over 80% of the Fortune 100, working with companies across industries such as Airbus, eBay and JPMorgan Chase.16 Neo4j's work with eBay, for example, involves powering the data connections behind the eBay app on Google Assistant so that the AI chatbot can make better recommendations to customers.17
Neo4j stock price history
Neo4j's Forge Price is $6.10 at a $1.09 billion valuation as of July 6, 2026, representing roughly a 53% decrease from its last-known valuation of $2.34 billion from its 2021 Series F.18
Neo4j's Forge Price reached as high as $19 per share in early 2022 and its now trading around its lows (albeit above its 2018 Series E implied stock price).19 Investors should note that Forge Prices may be volatile due to the limited liquidity of private market stocks like Neo4j, and should be careful not to draw too many conclusions based on recent private market trading activity.
Forge Data as of 07/06/2026
Forge Price is a derived data point that reflects the up-to-date price performance of venture-backed, late-stage companies, and is calculated based on a proprietary model incorporating pricing inputs from primary funding round information, secondary market transactions, and indications of interest (IOIs) on Forge.
Neo4j funding history and private market valuation
Neo4j raised its Series A in 2011 at a valuation of $37.2 million, and the company has grown considerably since then. Its valuation jumped to $60 million the next year after its Series B, and it has ultimately raised $755.1 million in funding across 10 rounds.20 Most recently, it raised $325 million in 2021 at a valuation of over $2 billion.21
Neo4j's largest investor is Greenbridge Investment,22 and some of its other key investors include Eurazeo, Fidelity Growth Partners Europe, GV (formerly Google Ventures) and Sunstone Capital, among others.23
Neo4j's last-known valuation is $2.34 billion,24 but its current Forge Price Valuation of $1.09 billion reflects a significant discount to that figure.25 Private market valuations can shift meaningfully between funding rounds, and investors should consider the limited liquidity of private market stocks when evaluating these figures.
Forge Data as of 07/06/2026
How to invest in Neo4j before its IPO
Because Neo4j is a private company, its shares are not available on public stock exchanges. However, accredited investors may be able to buy pre-IPO shares through a private marketplace such as Forge, subject to share availability, eligibility requirements and transfer restrictions.
Forge's marketplace connects buy-side and sell-side participants, providing pricing data and trade infrastructure for private market transactions. Not all private company shares are available at all times, and access is subject to applicable eligibility criteria and regulatory requirements.
To learn more, you may read about pre-IPO investing or sign up on Forge's marketplace to explore available opportunities.
Looking ahead
Check back here or take a look at Forge's upcoming IPO calendar to stay in the loop about a potential Neo4J IPO and other pending public offerings.
Those looking to learn more about the process may also read Forge's buyer's guide to investing in private market shares. To start exploring opportunities, you may create an account. After creating a free account, eligible investors may have the opportunity to buy and sell shares of private companies, including Neo4j, subject to availability.
FAQs about the Neo4j upcoming IPO
What is Neo4j?
Neo4j is a graph technology company whose platform helps businesses make complex connections within their data, such as for security, financial analysis and AI applications.
Is Neo4j going public?
Neo4j is reportedly eyeing an IPO, according to its largest investor, Greenbridge Investment, as reported by Bloomberg in February 2024.26 However, no formal IPO filing has been made, and it remains to be seen whether those plans turn into action.
Who owns Neo4j?
How can I invest in Neo4j?
Because Neo4j is a private company, its shares are not traded on public exchanges. Accredited investors may be able to access pre-IPO shares of Neo4j through a private marketplace such as Forge, subject to share availability, eligibility requirements and transfer restrictions.
Is Neo4j a listed company?
No. Neo4j is a privately held company and is not listed on any public stock exchange. Its shares are held by founders, employees, venture capital firms and other private investors. If and when Neo4j files for an IPO, it would then become publicly listed.
