The payments layer sitting quietly behind a huge slice of online checkout.
Stripe processes an enormous volume of online payments for businesses ranging from one-person shops to global platforms, including plenty of Australian merchants. It has resisted going public for years while continuing to grow revenue and expand into billing, tax and treasury products.
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 Stripe 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.
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.
Palo Alto Networks is the rare name on this list you can already buy through a normal brokerage account. It sells firewalls, cloud security and detection tooling to large organisations.
Plain English, sourced where we can source it, honest about what nobody knows yet.