N26 IPO Tracker
| Stage | Series H |
| IPO Status | Pre-IPO |
| Valuation | $9.0B |
| Total Funding | Funding undisclosed |
| IPO Readiness Score | 53/100 |
Track N26 IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated May 2026.
N26 is a German mobile bank offering commission-free banking currently valued at $9.0B. IPO Status: Pre-IPO. IPO Readiness Score: 53/100 (C-).
N26 IPO status, timeline, valuation and S-1 filing tracker. Last updated May 2026.
| Stage | Series H |
| IPO Status | Pre-IPO |
| Valuation | $9.0B |
| Total Funding | Funding undisclosed |
| IPO Readiness Score | 53/100 |
Track N26 IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated May 2026.
N26 is the German mobile bank offering commission-free banking, investment, and insurance products across 24 European markets with 10M+ customers. Valued at $9B at peak (reduced to ~$5B in 2024 secondary transactions) with $1.7B raised, N26 is one of Europe largest neobanks competing with Revolut and Monzo for the 500M+ underbanked Europeans. IPO candidate as European fintech adoption continues accelerating.
N26 is in the pre-IPO phase as of May 2026. The company has an IPO readiness score of 53/100, suggesting it may be 1–3 years from a public listing depending on market conditions and internal milestones. Pre-IPO companies at this stage typically evaluate market conditions, complete board appointments, and engage underwriters before initiating the formal S-1 filing process.
N26 is valued at $9.0B based on the most recent private market data. The company has raised a total of Funding undisclosed in funding. Private market valuations are determined by the latest funding round and may differ from eventual IPO pricing, which reflects public market conditions, investor demand, and comparable company multiples at the time of listing.
Accredited investors may be able to access N26 pre-IPO shares through secondary market platforms. These platforms facilitate private share transactions between existing shareholders (employees, early investors) and new buyers.
Risk factors: Pre-IPO investments are illiquid, carry higher risk than public market investments, and are typically restricted to accredited investors. Share availability and pricing depend on current shareholders willing to sell. TechStackIPO provides data and tracking tools but does not facilitate or recommend investments.
Bear / base / bull scenarios based on current private market valuation and comparable IPO multiples.
| Scenario | Est. Valuation | Basis |
|---|---|---|
| Bear | $6.8B | Compressed multiples, delayed listing |
| Base | $9.0B | Last private round valuation |
| Bull | $12.6B | Strong market, premium AI/tech multiple |
Estimates are illustrative. Not investment advice. All figures based on publicly available data.
N26 has an IPO readiness score of 53/100 on TechStackIPO. A moderate readiness score suggests the company may be 2–4 years from IPO.
N26's last known private valuation is $9.0B. IPO valuations typically reflect current market conditions at time of listing and may differ from private market valuations.
Pre-IPO access options may include: (1) secondary market platforms such as Forge Global or EquityZen that facilitate private share sales, (2) ETFs holding pre-IPO companies or venture portfolios, and (3) direct secondary share purchases if eligible as an accredited investor. TechStackIPO tracks availability but does not facilitate investments.
No. N26 has not yet filed an S-1 registration statement with the SEC as of TechStackIPO's latest data update.
N26 is at the Series H stage. The company has raised a total of Funding undisclosed in funding. Companies at this funding stage are typically scaling operations, expanding market share, and evaluating public market timing.