Upcoming & Past Technology IPOs
Invest
Updated 31 July 2026
The 2026 IPO Market
A record year, built almost entirely on AI infrastructure — and on one launch company.
$141B
raised through 10 Jul
vs $16B same point 2025
88
IPOs priced
June busiest with 19
$104.8B
Q2 proceeds
largest quarter on record
+20%
avg return from offer
$100M+ deals, Q2
Annual proceeds US IPOs, $bn
2024
$33.0B
2025
$47.4B
2026 YTD
$141.0B
Previous full-year record: $142.4B (2021) — passed in mid-July
Concentration share of 2026 proceeds
SpaceX
all other IPOs
$75.0B — SpaceX, 12 June
$66.0B — the other 87 deals combined
One listing accounted for more than half of every dollar raised. Basis: $141B through 10 July.
Day-one move close vs offer price
-
Cerebras CBRS
+68%
-
BitGo BTGO
+25%
-
SpaceX SPCX
+19%
Cerebras opened at $385, up 108%, before closing at $311.07.
The Cerebras ladder how far demand moved the price
$115–125
initial range
$150–160
revised up
$185
priced, 13 May
$385
opening print
$311
day-one close
The book was reported at more than 20× oversubscribed. The offer was raised twice and still priced $25 above the elevated range.
Still private last reported valuation
$965BAnthropicfiled
$852BOpenAIfiled
$134BDatabricksno filing
$100BStripeno filing
$71BDeepSeekreported talks
$2.2BStravafiled
“Filed” means a confidential submission, which is not a commitment to list. Discord has also filed; no valuation disclosed.