Erebor Stock Price, Valuation & IPO
Private company — Erebor is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$540.50 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 29 October 2026
Last round valuation: $2.3B
Source: A, December 2025, post-money
Total raised: $635M
Data last updated: 29 October 2026
About Erebor
US digital bank focused on stablecoins and serving startups in crypto, AI, defense, and manufacturing. Founded by Palmer Luckey and Joe Lonsdale with backing from Peter Thiel, the bank raised $350M at a $4.35B valuation in December 2025 after regulatory approval and launched in February 2026.
Erebor — an American bank for technology companies, founded in 2025, headquartered in Columbus, among the founders is Palmer Luckey. It serves industries that traditional banks are reluctant to take on: AI, defense, and the crypto industry. More than 500 companies have become clients, from the public ProCap Financial to reactor developer Valar Atomics; the bank lends against equipment and processes payments in dollars and stablecoins seven days a week. In eight months, deposits reached $7 billion, assets exceeded $8 billion. Since July 2026, negotiations for a Series C of $1.5 billion have been underway, the closing has not been publicly confirmed; a total of $635 million has been raised.
- Sector: Fintech
- Headquarters: Columbus, USA
- Founded: 2025
Key highlights
- ProCap Financial: public client. Anthony Pompliano's Nasdaq-listed company announced in July 2026 that it had opened an account with Erebor, making it one of the first public companies to do so. It can hold its free cash in treasury bonds, corporate securities, and stablecoins within a single bank.
- Valar Atomics: $200 million loan. Developer of small nuclear reactors in August 2026 raised $1 billion in Series B and a $200 million credit line. Erebor led the syndicate of lenders, which included J.P. Morgan, Crescent Cove, and Hercules Capital.
- Fluidstack: Pentagon loan. Erebor advises AI cloud Fluidstack on a loan application for approximately $5 billion from the Office of Strategic Capital of the Department of Defense. The money will go towards American factories for data center power and cooling equipment.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 22 December 2025 | A | $157.35 | $2.3B |
| 1 October 2025 | Seed | $23.21 | $310M |
Latest news
- The Information: new banks like Erebor may have to constantly raise capital — 18 October 2026
- Erebor launched a nationwide lending program led by ex-minister Marcia Fudge and allocated $20 million to Columbus. — 15 October 2026
Frequently asked questions
How can I buy Erebor stock before the IPO?
Not on a public exchange — Erebor is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Erebor stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $540.50 per share as of 29 October 2026. Its most recent round implied a post-money valuation of $2.3B (December 2025).
What is Erebor's valuation (net worth)?
Erebor's most recent funding round valued the company at $2.3B post-money (December 2025) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Erebor IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Erebor publicly traded?
No. Erebor is a private company and its shares are not listed on any public exchange.
Does Erebor have a stock symbol?
No. Erebor has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.