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

By Segmara Research · Published · Updated

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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.

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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.

Private-share data lens

Public round-by-round marks are incomplete for this company. Segmara shows the listing mark and keeps the seed-to-IPO analysis focused on verifiable funding, tender, or secondary signals.

Segmara markNo indicative price yet

Indicative listing context

StageDateValuation / price signalWhy it matters
Seed / earlyPrivateNot reliably publicDo not invent a seed price when the source set is thin.
Growth roundsPrivateCompany and market sources varyUse public sources and official company releases.
Segmara listingCurrentNo indicative price yetIndicative reference only, not a quote or an offer.
IPO statusCurrentNo public ticker shown hereWatch official company releases and the free Segmara IPO calendar.

Seed-to-IPO path

Illustrative completeness map. Longer bars mean stronger public data or more useful current pricing context, not lower risk.

Early data22%
Growth data46%
Segmara mark68%
IPO/public18%
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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.

MetricValueContext
Canonical route/blog/when-will-tabby-ipoStable URL path for AI and search extraction.
Article titleWhen Will Tabby IPO? Its Valuation Just Hit $6.5 BillionMain page topic.
Attached public sources2Number of citation links rendered at the bottom of the article.
Segmara listed companies148Live private-company listings in the public catalogue.
Priced listings37Catalogue listings with visible indicative or direct marks.
Listings without an indicative price111Catalogue listings where a public price is intentionally not invented.
CompanyTabbyNamed company covered by this page.
Symbol labelTBBYSegmara display symbol; not a public stock ticker unless separately stated.
SectorFintechCatalogue sector used for comparison and internal linking.
Listing structureRequestHow the listing is categorized on Segmara.
Segmara markNo indicative price yetVisible listing mark, or no indicative price yet.
Sector peer count16Number of live Segmara listings in Fintech.
Structure peer count111Number of live Segmara listings categorized as Request.
StageTimingPrice / valuation signalInterpretation
FormationPrivateEarly ownershipThe first value creation happens before ordinary public-market access.
Growth roundsPrivateInstitutional repricingLater rounds and tenders create the price history buyers study.
Segmara listingCurrentNo indicative price yetIndicative reference only, not a quote or an offer.
Exit pathFutureIPO, tender, acquisition, or continued private statusLiquidity timing remains company-specific.
Chart metricScoreInterpretation
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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

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How pre-IPO share access works

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What happens after payment

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Share allocation requestDirect
Transfer & settlement termsReviewed, not guaranteed
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Key takeaways

Risk notes

Public source links

PRE-IPO ALLOCATION

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Questions

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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.

Pre-IPO Allocation

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