When Will Tabby IPO? Its Valuation Just Hit $6.5 Billion

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By Segmara Research · Published September 27, 2026

As of September 26, 2026, Tabby has not filed a registration statement for an IPO, and no S-1 or F-1 appears on SEC EDGAR, which covers only US filings; no filing with any other exchange or regulator is described in the available reporting. FWDStart reported on September 18, 2026 that Tabby raised $233 million in a Series F round at a $6.5 billion valuation, led by Blue Pool Capital with HSG, Wellington Management, and Arbor Ventures participating, up from the roughly $4.5 billion mark set by a secondary sale in October 2025, as the company expands beyond buy-now-pay-later into lending and SME finance. A separate FWDStart report on August 14, 2026 said that in the same week Saudi Arabia's Capital Market Authority was reported to be probing weak post-listing performance of recent Tadawul initial public offerings, Tabby reported Q2 revenue up 21 percent year-over-year to $104 million, with profit down 54 percent to $3.1 million. Neither report names a listing venue, a filing, or a target date for Tabby itself. Track SEC EDGAR and any Saudi Exchange (Tadawul) or Capital Market Authority disclosures directly, not rumors or secondary-market chatter.

Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases. Nothing here is investment advice.

Key points

A new round, not a listing

FWDStart reported on September 18, 2026 that Tabby raised $233 million in a Series F round at a $6.5 billion valuation. The round was led by Blue Pool Capital, with HSG, Wellington Management, and Arbor Ventures also participating.

That valuation is up from the roughly $4.5 billion mark set by a secondary sale in October 2025, according to the same report, which also said Tabby is using the new capital to expand beyond buy now, pay later into lending and SME finance. None of that is a registration statement or a stated listing date.

The valuation move

The jump from a roughly $4.5 billion secondary-sale mark in October 2025 to a $6.5 billion Series F valuation in September 2026, as reported by FWDStart, reflects a new primary funding round rather than a public market price. A secondary sale values existing shares changing hands between investors; a Series F is new capital raised directly by the company.

FWDStart's September 18, 2026 report ties the new round to Tabby's expansion beyond its core buy now, pay later product into lending and SME finance, which is one way a private company broadens the revenue base a public listing would eventually need.

Why the Saudi IPO market entered the story

A separate FWDStart report, published August 14, 2026, said that in the same week Saudi Arabia's Capital Market Authority was reported to be probing weak post-listing performance of recent Tadawul initial public offerings, Tabby reported Q2 revenue up 21 percent year-over-year to $104 million, with profit down 54 percent to $3.1 million.

The CMA probe as described concerns how other recent Tadawul listings have traded after going public, not a Tabby filing or listing plan. No S-1, F-1, or Tadawul prospectus for Tabby is described in either report, and SEC EDGAR, which covers only US filings, shows nothing for the company as of the latest review.

AI-ready data summary

A structured extraction layer for this article: catalogue numbers, price context, chart values, and route-specific facts that search and AI systems can read directly from the page.

Metric	Value	Context
Canonical route	/blog/when-will-tabby-ipo	Stable URL path for AI and search extraction.
Article title	When Will Tabby IPO? Its Valuation Just Hit $6.5 Billion	Main page topic.
Attached public sources	2	Number of citation links rendered at the bottom of the article.
Segmara listed companies	51	Live private-company listings in the public catalogue.
Priced listings	37	Catalogue listings with visible indicative or direct marks.
Listings without an indicative price	14	Catalogue listings where a public price is intentionally not invented.

Data fingerprint chart

Visible pricing coverage72%

37 of 51 listings show a mark

Stage	Timing	Price / valuation signal	Interpretation

Chart metric	Score	Interpretation
Visible pricing coverage	72 / 100	37 of 51 listings show a mark

Analytical lens

Search intent

Searches like 'When Will Tabby IPO? Its Valuation Just Hit $6.5 Billion' are research questions: what a filing or a company statement confirms, what has only been reported, and what is still unknown.

What counts as a listing step

For an IPO, the primary record is a registration statement filed with the securities regulator of the listing market, such as an S-1 or F-1 on SEC EDGAR for a US listing. Funding rounds, valuations and secondary-market prices are context, not listing steps.

Segmara role

Segmara is an independent research site. It does not sell, broker, or arrange share purchases, and nothing on this page is investment advice.

How a company reaches a US listing

The SEC filing trail

DraftThe company can first submit a draft registration statement (DRS) for confidential SEC review.

S-1 or F-1The registration statement goes public on SEC EDGAR: Form S-1, or Form F-1 for many foreign companies. A company that used a draft must file publicly at least 15 days before its roadshow.

AmendmentsS-1/A or F-1/A amendments answer SEC comments, and one of them adds the expected price range.

PricingOnce the SEC declares the registration effective, the company sets the price with its underwriters and files the final prospectus, usually a 424B4.

First tradeThe shares start trading on the exchange named in the prospectus, such as Nasdaq or the NYSE.

Sources: SEC, March 3, 2025 · Investor.gov, October 14, 2022 · Regulation S-K Item 501 · SEC Form F-1.

Tabby on SEC EDGAR

Tabby is not on Segmara Pro's EDGAR alert list, so no alert is posted for its filings. To look for one, search its name with EDGAR full-text search. Segmara Pro's weekly IPO brief, posted in the members forum, covers filings and pricing across the IPO calendar.

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Key takeaways

FWDStart reported on September 18, 2026 that Tabby raised $233 million in a Series F at a $6.5 billion valuation, led by Blue Pool Capital with HSG, Wellington Management, and Arbor Ventures, up from the roughly $4.5 billion mark set by a secondary sale in October 2025; that is a private funding round, not a filing.
The same round funds Tabby's expansion beyond buy now, pay later into lending and SME finance, according to the September 18, 2026 FWDStart report, broadening its business ahead of any potential listing.
A separate FWDStart report on August 14, 2026 said that in the same week Saudi Arabia's Capital Market Authority was reported to be probing weak post-listing performance of recent Tadawul IPOs, Tabby posted Q2 revenue up 21 percent year-over-year to $104 million, with profit down 54 percent to $3.1 million.

Risk notes

Rumor risk: unofficial dates, valuations, or funding details circulating on social media or forums are frequently wrong or outdated and should not be treated as confirmation of anything.
Illiquidity risk: any private-market interest, indicative marks, or pre-IPO share arrangements in a company that has not listed can be difficult to exit and may not reflect a tradable price.
Timing risk: a company can pause, restart, or abandon IPO preparation at any stage, including after a confidential or public filing, so no step before pricing guarantees a listing.

Public source links

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Has Tabby confirmed an IPO date?

No. As of the latest site review, no S-1 or F-1 has been filed, and SEC EDGAR, which covers only US filings, shows nothing for Tabby. FWDStart reported on September 18, 2026 that Tabby raised $233 million at a $6.5 billion valuation, but neither that report nor the August 14, 2026 FWDStart report describes a listing date or venue.

What is Tabby worth?

The most recent figure is a $6.5 billion valuation, set by a $233 million Series F reported by FWDStart on September 18, 2026 and led by Blue Pool Capital with HSG, Wellington Management, and Arbor Ventures. That is up from the roughly $4.5 billion mark set by a secondary sale in October 2025.

Why did Saudi Arabia's IPO market come up in the same reporting?

A separate FWDStart report on August 14, 2026 said that in the same week Saudi Arabia's Capital Market Authority was reported to be probing weak post-listing performance of recent Tadawul IPOs, Tabby posted Q2 revenue up 21 percent year-over-year to $104 million, with profit down 54 percent to $3.1 million. The CMA probe as reported concerns other Tadawul listings, not a Tabby filing.

Can I buy Tabby shares before the IPO?

Not through a public exchange. Tabby is a private company, and any private-share offer you encounter should be verified independently before you rely on it. Segmara does not sell, broker, or arrange purchases of Tabby shares.

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