Plaid, the OPEN BANKING data network connecting 150+ million consumers and 7,000+ apps to their financial accounts, is reportedlyin early discussions with banks about a potential U.S. IPO following a funding round earlier in 2026 that pushed its valuation to $8 billion, a recovery from the $6.1 billion raised in April 2025 and far below the $13.4 billion peak in 2021. No final decision has been made, and the company’s CFO said in March that preparations are ongoing, but a listing is not imminent. Plaid’s IPO prospects are closely tied to the resolution of the CFPB’s contested Section 1033 open banking rule, which could allow banks like JPMorgan Chase to charge per-call fees on data access, compressing Plaid’s margins, while investors backing the company include Andreessen Horowitz, Index Ventures, Kleiner Perkins, and Goldman Sachs.
Finance App Network Maker Plaid Is Said to Consider US IPO
