Selling shares · Ramp

How to sell your Ramp stock

Ramp’s valuation has moved fast — from a $13 billion employee tender to reported talks around $40 billion+ in roughly a year. If you hold Ramp equity, the number that matters is what it’s worth at the latest mark, and how to turn some into cash.

Status Privately held · Reviewed November 2026

Ramp is a private US fintech (corporate cards and spend management) — still private as of November 2026, with a valuation that has climbed from about $13 billion to a reported $40 billion+ range in 2026 and IPO readiness talked about for end-2026, though no S-1 has been filed. This guide is for the Ramp holder.

Independent guide. PrivateTechShares is not affiliated with, endorsed by, or connected to Ramp. This is general educational information for people who already hold Ramp equity. We don’t recommend or endorse any transaction — whether to buy or sell, and on what terms, is entirely your own decision based on your own due diligence. What we do: help you prepare — a clear picture of what you hold, what it may be worth, and the paperwork.

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What you actually hold at Ramp

Ramp equity is typically stock options (ISOs/NSOs) and, for later grants, RSUs. Options you exercise (pay the strike) into shares; RSUs settle on a liquidity event or set date. You can generally only sell settled shares. Because Ramp’s valuation is rising quickly, the gap between your strike and the current value — and the tax on it — can be large. Check your grant for vested amount, strike and settlement terms.

Ramp at a glance — the dates that matter to holders

2024
Ramp runs a $150M employee tender at about a $13 billion valuation.
Late 2025
Valuation reaches about $32 billion.
2026
In talks at about $40 billion+; IPO readiness discussed for end-2026 (no S-1 filed).

Figures as publicly reported (PitchBook on the $13bn tender; TechCrunch and PYMNTS on the 2026 rounds). Confirm current status before relying on them.

How Ramp equity turns into cash

Ramp is private, with no open market. Liquidity has come through a company tender (the 2024 window at ~$13bn) and its funding rounds. It sets each window, so don’t assume a fixed schedule. Outside a tender, a private secondary is possible but subject to Ramp’s transfer rules (right of first refusal, company approval).

Where holders actually find buyers → A plain-English map of every route — buybacks, tenders, company secondaries, platforms and investor networks.

The decision you’re probably facing

The number moves fast — value at the latest mark, not your offer letter. With the valuation climbing quickly, your paper value today can be far above where you joined — and so can the tax if you exercise options or your RSUs settle. The decision is less “is it worth something?” and more “what’s the tax of acting now, and how much should I de-risk versus ride the rise?”

The practical steps: value your vested equity at the latest mark, model the cost and AMT of exercising (options) or the tax when RSUs settle, and decide how much to sell in the next window.

The tax reality (US)

Most US startup equity is taxed one of two ways. RSUs are ordinary income when they settle (on a liquidity event or set date), with employer withholding that can fall short at higher incomes; later gains are capital gains. Options cost the strike to exercise and, for ISOs, can trigger AMT — use the ISO/AMT calculator. Selling in a tender or secondary is a capital-gains event on any rise since you acquired the shares. Full method in our methodology.

What to expect on price

A tender has a set price; a private secondary to an outside buyer usually happens at a discount to the last headline valuation — because the buyer takes an illiquid minority stake, and you likely hold common shares worth less than investors’ preferred. See what discount is fair.

For holders

Holding Ramp equity? Get the occasional, no-noise update when something changes that could affect your position — we watch the private market so you don’t have to.

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Work out your Ramp position

Get the numbers straight at the latest valuation: what your equity is worth, the cost and AMT of exercising, the tax when RSUs settle, and how much to sell. Free tools give you the pieces; the report runs them on your grant.

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valuation estimator · ISO/AMT calculator · US toolkit — $39

Questions people ask

Can I sell my Ramp shares?

While Ramp is private, liquidity has come through a company tender (a 2024 window at about $13 billion) and its funding rounds. Ramp sets each window; outside one, a private secondary is possible but subject to its transfer rules.

How much are my Ramp shares or options worth?

Value them at Ramp’s latest mark — reportedly around $40 billion+ in 2026, up from ~$13 billion — adjusted for your share class and strike, with an illiquidity discount while private. An option is worth the share price minus your strike. Use our estimator as a starting point.

Is Ramp about to IPO?

IPO readiness has been discussed for end-2026, but no S-1 has been filed as of November 2026. For now, tenders and rounds are the route to liquidity.

Sources

We re-verify this page’s facts monthly — they can change between updates. Figures are as reported (November 2026); confirm current status before you rely on them.

More about Ramp: ramp.com ↗ (official site) · funding & valuation data ↗.