2026 is already the biggest IPO year in a generation. SpaceX trades at $1.93 trillion. SK Hynix just raised $26.5 billion in the largest foreign US IPO ever. Cerebras, Firefly Aerospace, Fervo Energy, and Standard Nuclear have all cleared. Anthropic, OpenAI, Syntiant, Shein, and Panera have filed or won approval. And the pipeline behind them โ Anduril, Discord, Kraken, Plaid, Canva, Shield AI, Perplexity, Cohere, Revolut, Quantinuum, and Saronic โ is deeper than anything since 2021.
199 IPOs have priced through mid-July, raising over $130 billion โ up 164% from the same period in 2025. I track IPO activity closely because it's the clearest signal of where venture-backed capital gets marked to reality. We keep a running view of pricing, lockups, and post-IPO performance on our tech IPO tracker, and 2026 has been the busiest year for that dashboard since it launched.

Figures are July 2026 estimates blended from company S-1/press releases, TechCrunch, CNBC, Bloomberg, and Yahoo Finance market data as of July 15, 2026.
The 2026 Tech IPO Calendar: What's Priced, What's Filed, and What's Still Coming
The 2026 tech IPO calendar has already produced landmark listings across AI, semiconductors, space, energy, and nuclear. SpaceX's $75B raise in June was the largest IPO ever. SK Hynix's $26.5B Nasdaq listing on July 10 shattered Alibaba's record for the largest foreign US IPO. Cerebras popped 89% intraday on debut, and Firefly Aerospace priced its space-launch IPO at a $5.58B valuation the day before. Fervo Energy broke the renewable energy IPO record. And S-1 filings keep coming โ Standard Nuclear (July 7), Syntiant (July 6), Anthropic (June 1), OpenAI (June 8), and now Shein, which cleared Hong Kong regulatory approval on July 10 targeting a $40-50B valuation. Overseas, China's Unitree priced its own STAR Market IPO in August at a ~$6.2B valuation, the first public pure-play humanoid robotics stock anywhere.
That's a sharp contrast from 2023 and 2024, when the tech IPO window was mostly shut. 2026 has flipped the script: nearly every major listing this year has closed its first trading day in the green, and the pipeline behind them โ Anduril ($61B), Discord, Kraken, Plaid, Canva, Shield AI, Perplexity, Cohere, Revolut, Quantinuum, and Saronic โ is deeper than any year since 2021.
Every Major Company on the 2026 IPO Calendar
| Company | Status | Valuation | Key Metric |
|---|---|---|---|
| SpaceX (SPCX) | Priced June 12, 2026 | $1.77T at IPO, $1.93T now | $75B raised, largest IPO ever |
| SK Hynix (SKHY) | Priced July 10, 2026 | ~$1T, +13% day one | $26.5B raised, largest foreign US IPO |
| Cerebras (CBRS) | Priced May 14, 2026 | $25B at IPO | $5.55B raised, popped 89% intraday, +68% close |
| Firefly Aerospace (FLY) | Priced May 13, 2026 | ~$5.58B at IPO | $35-39/share, space launch provider |
| Fervo Energy (FRVO) | Priced May 13, 2026 | $7.65B at IPO, +30% day one | $1.89B raised, biggest renewable IPO |
| Klarna (KLAR) | Priced Sept 10, 2025 | $15.1B at IPO, down 56% | Revenue +44% YoY |
| Chime (CHYM) | Priced June 12, 2025 | $11.6B at IPO, -15% since | 22M accounts |
| Anthropic | S-1 filed June 1, 2026 | $965B last round | Targeting Oct 2026, $47B run-rate |
| OpenAI | Confidential filing June 8 | ~$852B reported | Late 2026 / may slip to 2027 |
| Standard Nuclear | S-1 filed July 7, 2026 | ~$3.55B target | NYSE: STDN, TRISO fuel, $356M raise |
| Syntiant | S-1 filed July 6, 2026 | ~$646M last round | Nasdaq: SYTN, edge AI chips, $270M rev |
| Shein | HK listing approved July 10, 2026 | $40-50B target | Targeting Sept/Oct 2026, ~$3B raise |
| Panera Brands | Filed confidentially | Not disclosed | JAB Holding roll-up: Panera, Einstein Bros, Caribou |
| Anduril | Pre-IPO, no filing | $61B (May 2026) | $4.3B 2026 rev target, $20B Army deal |
| Discord | Confidential filing Jan 2026 | ~$8.5B secondary | 250M MAU, $561M 2025 revenue |
| Kraken | Confidential filing, paused | ~$13.3B | Sliding to 2027, crypto market dependent |
| Plaid | Exploring IPO (Bloomberg) | ~$8B (Feb 2026) | 150M+ consumers, 25%+ rev growth |
| Canva | Late-stage prep | $42B (Aug 2025) | COO targeting 2027, $3.3B+ ARR |
| Shield AI | Pre-IPO, no S-1 | $12.7B (Mar 2026) | Autonomous drones, rumored 2026/2027 |
| Perplexity AI | Pre-IPO, no S-1 | $20B+ | AI search, CEO targets 2027-2028 |
| Cohere | Pre-IPO, no S-1 | ~$7B | Enterprise AI, 'probable' 2026 candidate |
| Revolut | Pre-IPO, no S-1 | $150-200B secondary | Fintech neobank, targeting 2027-2028 |
| Quantinuum | Pre-IPO, no S-1 | $10B+ | Honeywell subsidiary, targeting 2026/2027 |
| Saronic | Pre-IPO, no S-1 | $9.25B | Autonomous Navy ships, 12-18 months out |
| Databricks | Delayed to 2027 | ~$134B private | CEO: '2026 is terrible year to go public' |
| Stripe | No rush, not filed | $159B tender (Feb 2026) | Up from $91.5B in early 2025 |
Figures blended from company disclosures, TechCrunch, CNBC, Bloomberg, Fortune, and Yahoo Finance reporting as of July 15, 2026. Pre-IPO valuations reflect last known private rounds or secondary-market estimates.
Tech IPO Calendar 2026: What's Filed and What's Still Waiting
Filed and targeting H2 2026: Anthropic is the most advanced name, targeting an October Nasdaq listing at ~$965B after filing June 1. OpenAI filed confidentially June 8 but may slip to 2027. Standard Nuclear (NYSE: STDN, ~$3.55B, TRISO fuel) and Syntiant (Nasdaq: SYTN, edge AI chips) both filed S-1s in early July and could price within weeks. Shein cleared Chinese regulatory approval July 10 for a Hong Kong listing targeting $40-50B by September or October, and Panera Brands โ JAB Holding's roll-up of Panera Bread, Einstein Bros. Bagels, Caribou Coffee, and Au Bon Pain โ has reportedly filed confidentially.
Filed but stalled: Discord filed confidentially in January but no pricing timeline has surfaced โ secondary markets price it at ~$8.5B, down 43% from its $15B peak. Kraken confirmed its confidential filing in April but paused on weak crypto markets and is now sliding toward 2027.
Pre-IPO but highly anticipated: Anduril ($61B) will "definitely" go public per Palmer Luckey, but CEO Schimpf says it's "bad to IPO in a hype cycle." Plaid ($8B) is exploring an IPO per Bloomberg's July 1 report. Canva ($42B) has taken all pre-IPO steps but its COO now cites 2027. On the defense side, Shield AI ($12.7B, autonomous drones) and Saronic ($9.25B, autonomous Navy ships) are both rumored 12-24 months out. In AI, Perplexity ($20B+) has no S-1 and its CEO targets 2027-2028, while Cohere (~$7B) is listed as a "probable" 2026 candidate. Revolut ($150-200B on secondary markets) and Quantinuum ($10B+, Honeywell's quantum computing subsidiary) round out the watch list, both targeting a 2026-2028 window.
Explicitly delayed: Databricks CEO Ali Ghodsi called 2026 "a terrible year to go public" โ not because the market is bad, but because the queue is too crowded. At $134B private and profitable, Databricks has the luxury of waiting. Stripe ($159B) continues its decade-long "about to IPO" dance.
How to Read the 2026 Tech IPO Calendar as an Investor
The pattern from 2026 is clear: scarcity and sector tailwinds beat everything. SpaceX (+8%), Cerebras (+89% intraday pop), SK Hynix (+13%), and Fervo Energy (+30%) all priced into categories where there's no direct public comparable โ reusable rockets, wafer-scale AI chips, HBM memory dominance, enhanced geothermal. Klarna and Chime priced into crowded fintech categories and have both traded down since.
That pattern matters for the pipeline ahead. Anthropic has the same scarcity profile as SpaceX and Cerebras โ there are only two or three frontier AI labs on earth. Standard Nuclear and Syntiant are niche plays in nuclear fuel and edge AI where public comps barely exist. Shield AI, Saronic, and Quantinuum sit in the same bucket โ defense autonomy and quantum computing with no clean public comp. These should price well. Kraken and Plaid, by contrast, will be benchmarked against Coinbase and existing fintech multiples, and Revolut will be measured against SoFi and Chime โ tougher math. Perplexity and Cohere face a different problem: they'll be priced relative to OpenAI and Anthropic, the two names that make everything else in AI look small.
For VCs, the read-through is on marks: funds holding SpaceX, Cerebras, or Anduril pre-IPO positions are sitting on real gains. Funds holding Klarna or Chime paper are learning that a public listing doesn't guarantee the mark holds โ Klarna's slide from a $40 IPO price to roughly $20 nine months later is the clearest example of that lesson so far. We track how those dynamics show up in fund performance on our VC performance dashboard.
Bottom line: The 2026 tech IPO calendar has already delivered the largest IPO in history (SpaceX, $1.93T), the largest foreign US IPO ever (SK Hynix, $26.5B), the biggest AI chip debut (Cerebras, +89% intraday pop), a space-launch debut (Firefly Aerospace, $5.58B), and the biggest renewable energy IPO (Fervo Energy). The back half is even more stacked โ Anthropic ($965B) could list in October, Standard Nuclear and Syntiant have just filed, Shein ($40-50B) just cleared Hong Kong approval, Panera Brands is moving through confidential review, and Anduril ($61B) is the most anticipated defense IPO in a generation. Further out, watch Shield AI, Perplexity, Cohere, Revolut, Quantinuum, and Saronic โ six well-capitalized names with no confirmed filing date but real 2026-2028 IPO ambitions. The theme that separates winners from laggards: scarcity. Companies with no public comparable hold their price. Everything else gets comp'd down.
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