Already listed — the security layer enterprises bolt on before they roll out AI.
Palo Alto Networks has been public on the NASDAQ since 2012 and protects tens of thousands of enterprises. As companies push AI systems into production, the security and governance layer around those systems becomes a spending priority — which is the thesis most investors apply to this name.
Figures above are drawn from press reporting and secondary-market pricing — the same numbers institutional desks are working from right now.
We'll email you our written note on Palo Alto Networks and let you know when something verifiable changes. No allocations, no brokerage, no pressure.
Written for Australian and New Zealand readers. We send the note, then updates only when something verifiable changes.
Anthropic builds Claude and sells it almost entirely to enterprise. Reporting suggests an S-1 is already with the SEC, which puts a 2026 float firmly on the table for local investors watching from Sydney and Melbourne.
ChatGPT turned OpenAI into a household name well beyond tech. Any move to public markets would be scrutinised harder than almost any listing of the decade.
Databricks merged the data lake and the warehouse into one platform. Boring on the surface, and precisely why so many large organisations run their AI workloads on it.
Stripe has stayed private far longer than most expected. When that changes, it would rank among the largest fintech listings on record.
Ripple runs the XRP Ledger and a stablecoin aimed squarely at institutions moving money between countries — a problem Australian businesses know well.
Voice, video and text built around communities rather than followers. Discord's subscription business has turned that habit into recurring revenue.
Plain English, sourced where we can source it, honest about what nobody knows yet.