The explosion in app creation by non-developers has been a significant boon to Vercel’s business.

The company’s annual recurring revenue (ARR) has skyrocketed from $100 million at the beginning of 2024, as reported by The Information, to a run rate of $340 million by the end of February 2026, according to Forbes.

Given that growth, Rauch was asked onstage about his IPO plans. He suggested the company is already operating with the discipline of a public entity. “Vercel is very much a work-in-public company,” Rauch said.

As for when the debut will happen, he replied: “There’s no perfect timeline or quarter I can give. The company’s ready and getting more ready for it every day.”