A Dyson IPO is the newest investment opportunity on investors’ minds. After hearing about the company’s exciting recent project and revenue, investors want Dyson stock.

But the company is private.

While there may not be a Dyson IPO in the near future, the company has a chance to shine during the coronavirus pandemic. If Dyson can deliver on its promises, the demand for Dyson stock will grow. Here’s what we know…

Dyson IPO: The Business

Investors want a Dyson IPO after the company develops a ventilator for COVID-19.

Dyson is a technology company originally founded by Sir James Dyson in 1991. It was based in England until it moved its headquarters permanently to Singapore in 2019. Dyson designs and builds household appliances such as vacuums, hair dryers and air purifiers. It was the first company to develop a bagless vacuum which lead to the cordless vacuum. Dyson has increased the quality of living and cleanliness in millions of homes.

Sir Dyson has said:

Like everyone, we get frustrated by products that don’t work properly. As design engineers, we do something about it. We’re all about invention and improvement.

And Dyson is expanding into more than household items. This has caught investors’ attention and could help lead to the Dyson IPO.

If you aren’t familiar with how companies go public, here’s our step-by-step guide: The IPO Process.

Dyson Unveils Household Robot Prototype

In late May 2022 at the International Conference on Robotics and Automation (ICRA) Dyson dropped some hints into the future of household robots.

A secret prototype of a household robot was unveiled in an attempt to recruit those at the top of the field to the project. Development of a robot capable of chores and other tasks around the house appears to be rapid.

A video was also released online showing the robot hand grabbing and picking up items. This is the first official step Dyson has taken in moving beyond its traditional floor-based robots, also known as vacuums.

Dyson has invested a lot into this new project and is rapidly expanding its robotics division to support it. The goal is to bring this technology into homes before the end of the decade.

Emphasis Placed on Air Purifiers

Dyson’s range of air purifiers are not a new product line, but with the pandemic it is shifting focus towards them.

They are basic machines in principle but, can play an important role in your home. A filter and fan draw the air and then particles such as dust, bacteria and pollen are filtered out of the air. Viruses can also be detected and filtered out using these purifiers, making them useful tools in the ongoing pandemic.

However, they have their use beyond fighting coronavirus. They can also help fight seasonal pollen allergies. Turning on the air purifier and closing your windows can help clear your home of pollen. With such a versatile product, it’s no wonder Dyson is placing so much emphasis on them.

Dyson Electric Vehicle Project Canceled

Back in 2016, Dyson started looking at entering the electric vehicle (EV) market. A spokeswoman, Olya Leptoukh, said Dyson wanted to help the environment. The company believed entering the auto industry was a logical choice.

The automotive industry will no doubt bring its set of challenges, but we are comfortable with the challenge. And we are working with the same core competencies we’ve been working on for years—primarily motors and batteries.

But it seems Dyson couldn’t overcome the challenges. In 2019, Sir Dyson announced the company would be cancelling its EV project.

However, though we have tried very hard throughout the development process, we simply can no longer see a way to make it commercially viable.

Sir Dyson claimed his engineers built a “fantastic car.” He said the project wasn’t closing due to failures in research and development. And although Dyson is closing its automotive division, it will continue to develop batteries and other technologies. That could include vision systems, machine learning and AI.

Dyson’s original plan was to start building EVs in 2020. And while that won’t be happening, it’s possible investors will see other ambitious projects soon.

But the real question about a Dyson IPO is…

Will Dyson IPO?

The company hasn’t announced plans to go public. Investors are more interested in companies getting involved in robotics than ever before. And if Dyson’s household robot is successful, the company might continue to build the product.

While Dyson may not have plan to go public soon, investors should keep an eye out. Hopefully with Dyson’s success during the coronavirus pandemic, the company will see the investor demand and give us the desired Dyson IPO. Although, in the meantime, there are lots of investment opportunities to consider…