The Boring Company was founded in 2016 by Elon Musk. In October 2023, Reuters reported that the company’s shares rose over 22% in employee share sale shares, with The Boring Company reportedly having an “implied valuation of over $7 billion.” The Boring Company has not officially endorsed a plan to participate in an IPO.

The Boring Company is a tunnel service provider with a mission to reduce traffic. Per Forge data, The Boring Company has raised a total of $908 million in funding over 4 rounds, with the latest funding raised on Oct 23, 2023, being from a Secondary Market round. Key investors include Sequoia Capital and Vy Capital.

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

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To learn more about The Boring Company potential IPO

Will The Boring Company go IPO?

The Boring Company 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 2024.

What is The Boring Company’s IPO price?

The The Boring Company IPO price does not exist at this time, as The Boring Company 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 The Boring Company register for Forge Markets, today.

When was The Boring Company founded?

The Boring Company was founded in 2016.

What is The Boring Company funding to date?

The Boring Company has raised $905.55MM to date.

Who are The Boring Company’s major investors?

Sequoia Capital
Craft Ventures
8VC
Valor Equity Partners
Tao Capital Partners
Founders Fund
Vy Capital
K5 Global
GigaFund
Dreamers VC

The Boring Company Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/20/2022 Series C $675.86MM $xx.xx $5.68B 8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
34,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital
07/26/2019 Series B $117.07MM $xx.xx $911.85MM 8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
32,609,677
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital
04/16/2018 Series A $112.63MM $xx.xx $237.77MM Elon Musk
Price per Share
$xx.xx
Shares Outstanding
112,630,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Elon Musk
Updated on: Dec 25, 2024

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