IPOs &amp; Public Markets on Pulse

Uber Beats Q2 Bookings, Guides Q3 Below Estimates

IPO$58B Q2 bookings

Uber Beats Q2 Bookings, Guides Q3 Below Estimates

Uber's Q2 gross bookings of $58B topped estimates, but Q3 guidance for both bookings and EPS came in below consensus, sending shares down about 4%.

Attovia Prices $289M Nasdaq IPO at $17 a Share

IPO$289M IPO

Attovia Prices $289M Nasdaq IPO at $17 a Share

D-Wave Publishes a Quantum Error-Correction Advance

D-Wave Publishes a Quantum Error-Correction Advance

D-Wave published Nature research showing a fast, high-fidelity entangling gate for its dual-rail superconducting qubits, with simulations suggesting up to a tenfold cut in logical error rates per correction increment.

Robinhood Lists a Fund That Buys Y Combinator Stakes

IPO$200M target raise

Robinhood Lists a Fund That Buys Y Combinator Stakes

Robinhood Ventures Fund II is set to list publicly on August 13 at $25 a share, aiming to raise $200M so retail investors can indirectly back roughly 80 Y Combinator-linked private companies -- while paying Robinhood 2% and 20% carry.

Lucid launched an operational reset targeting $1.4B in 2026 cash savings, leaning on its Uber- and Nuro-linked robotaxi program as one of four priorities meant to fix a widening quarterly loss.

Aug 4, 2026

IPO· Aug 4, 2026

Tesla's China Business Is Its Cash Cow and Its Risk

Tesla's China Business Is Its Cash Cow and Its Risk

Aug 4, 2026

IPO· Aug 4, 2026

The Anthropic-OpenAI IPO Race, Scored

The Anthropic-OpenAI IPO Race, Scored

Anthropic confidentially filed for IPO first, at a $965B valuation on a $47B revenue run rate -- but OpenAI's IPO pipeline is also active, and the two companies are now effectively racing to define what an AI-lab public listing should look like.

Aug 4, 2026

IPO· Aug 3, 2026

SpaceX Reports First Earnings as a Public Company Tuesday

IPOMultibillion IPO target

SpaceX Reports First Earnings as a Public Company Tuesday

Unitree Robotics choosing Shanghai's STAR Market over a US listing for its IPO is a clear example of how US-China tensions are pushing China's most valuable AI and robotics companies to list at home, cutting off ordinary US investors from direct access.

Several of 2026's biotech IPOs have expanded their target raise between initial filing and pricing, a sign the sector's strong average return this year has pulled in enough demand that bankers are re-cutting deal size on the fly.

Jul 30, 2026

IPO· Jul 30, 2026

Neocloud Nscale Preps Investor Pitch for Multibillion IPO

Neocloud Nscale Preps Investor Pitch for Multibillion IPO

AI neocloud Nscale is getting ready to pitch investors on a multibillion-dollar IPO, having hired Goldman Sachs and JPMorgan after raising $2 billion at a $14.6 billion valuation earlier this year.

Zhongji Innolight, the world's top optical-interconnect supplier, raised $6.8 billion in Hong Kong's biggest listing in seven years, but shares fell as much as 5% on debut as the global AI-stock selloff overshadowed the offering.

Jul 30, 2026

Why This Week's IPO Pricings Signal a Real Reopening

Why This Week's IPO Pricings Signal a Real Reopening

Three unrelated IPOs -- biotech, consumer apparel, and food-tech -- all moved through the pipeline in the same 48 hours, and the mix, not the size, is what shows the 2026 IPO window has genuinely reopened beyond AI mega-caps.

OpenAI's $1T IPO Ambition Faces Timing Test as Anthropic Gains

OpenAI's $1T IPO Ambition Faces Timing Test as Anthropic Gains

OpenAI's push for a $1 trillion IPO valuation faces a fresh timing test as Anthropic, still targeting an October Nasdaq listing, gains ground with a cleaner profitability story and a higher private-market valuation.

2026's IPO market is really two separate markets moving in opposite directions at once: trillion-dollar AI-infrastructure names commanding record multiples, and everything else -- from Jersey Mike's to micro-cap S-1 filers -- pricing on old-fashioned fundamentals.

Goldman-Backed Attovia Sets Terms for $200M Nasdaq IPO

IPO$200M target IPO

Goldman-Backed Attovia Sets Terms for $200M Nasdaq IPO

Attovia Therapeutics set terms for a Nasdaq IPO, offering 12.5 million shares at $15-17 to raise up to $212.5 million, advancing its Phase 1 itch and eczema drug candidates toward a public listing under ticker ATTO.

The Case For Calling 2026 the Mega-IPO Era

The Case For Calling 2026 the Mega-IPO Era

This Week's New S-1 Filers: A Mixed IPO Signal

This Week's New S-1 Filers: A Mixed IPO Signal

Seven operating companies filed fresh S-1 registration statements with the SEC this week, a reminder that beneath the SpaceX- and Anthropic-scale mega-IPO headlines, a steady stream of smaller and micro-cap issuers keeps testing the public markets.

TSMC Restarts Japan Plant After Deadly Quake

TSMC Restarts Japan Plant After Deadly Quake

TSMC began gradually restoring operations at its Kumamoto, Japan chip plant after a 7.1-magnitude earthquake killed at least 13 people and forced a temporary employee evacuation, with the facility's core structures confirmed undamaged.

What SpaceX's Whipsaw Means For The Next Mega-IPO

What SpaceX's Whipsaw Means For The Next Mega-IPO

SpaceX's $1.2 trillion Tuesday swing is a live pricing lesson for Anthropic and OpenAI, both moving toward IPOs of their own at valuations near $965 billion and $852 billion, respectively.

Why Half Of 2026's IPO Class Trades Underwater

IPO~50% underwater

Why Half Of 2026's IPO Class Trades Underwater

Why The $2.1 Trillion IPO Pipeline Is Bigger Than It Looks

Why The $2.1 Trillion IPO Pipeline Is Bigger Than It Looks

Forge's tech IPO pipeline hit a cumulative $2.1 trillion in valuation this month, but Anthropic's confidential filing at a $965B mark and Jersey Mike's return to public markets show how differently that number will actually convert.

203 companies have gone public on the NYSE or Nasdaq in 2026, but roughly 49% now trade below their IPO price, exposing a widening gap between opening-day demand and durable public-market performance.

AIxCrypto Holdings, the Nasdaq-listed company that pivoted from biopharma to AI and blockchain infrastructure, filed a new S-1 for a follow-on public offering, continuing a transformation that began with a November 2025 rebrand.

Silver Miner Sinda Files Follow-On Offering After IPO Pop

IPO~$213M IPO

Silver Miner Sinda Files Follow-On Offering After IPO Pop

Sinda Ltd, the silver exploration company that raised $213 million in its June NYSE debut, filed an additional registration statement on July 28 to support further securities offerings.

IPO· Jul 27, 2026

The IPO Trend Nobody's Advertising: Debt, Then a Dividend

The IPO Trend Nobody's Advertising: Debt, Then a Dividend

A Value Add Pulse analysis finds a quiet pattern across 2026's consumer and infrastructure IPOs: companies borrowing tens of millions right before filing, or steering the bulk of proceeds to debt and existing holders, rather than new growth capital.

Nearly every major consumer and industrial IPO this cycle has priced well below the valuation chatter that preceded it, despite a record first half for new listings.

Karman Line Acquisition Corp filed an S-1 for a blank-check IPO targeting 20 million units, aiming to merge with a space infrastructure, aerospace or defense company -- the latest SPAC chasing the sector's post-Karman Holdings enthusiasm.

Jul 27, 2026

IPO· Jul 27, 2026

China's CXMT Soars 470% in Record $8.6B Shanghai IPO

IPO~$8.6B raised

China's CXMT Soars 470% in Record $8.6B Shanghai IPO

ChangXin Memory Technologies debuted on Shanghai's STAR Market Monday, raising roughly $8.6 billion in the largest mainland semiconductor offering on record, before shares surged as much as 531% to make CXMT China's most valuable listed company.

Blackstone-backed sandwich chain Jersey Mike's is set to price its IPO this week at a targeted valuation near $8 billion, the largest US consumer IPO of 2026 in the sector's weakest listing year in a decade.

Shein's Hong Kong IPO prospectus disclosed slowing revenue growth and a swing to a quarterly loss, complicating its push for a $40-50 billion valuation.

Jul 27, 2026

IPO· Jul 26, 2026

Zhongji Innolight Seeks $7B Hong Kong Mega IPO

IPO$8.1B Hong Kong IPO

Zhongji Innolight Seeks $7B Hong Kong Mega IPO

Chinese optical networking supplier Zhongji Innolight is completing an up to $8 billion Hong Kong IPO, the city's largest listing in seven years, riding surging demand for AI data center optics.

Jul 26, 2026

IPO· Jul 24, 2026

Why 2026's Tech IPO Pipeline Keeps Accelerating

IPO$129.3B H1 2026

Why 2026's Tech IPO Pipeline Keeps Accelerating

New-listing proceeds and first-day returns both hit multi-year highs in the first half of 2026, evidence the reopened IPO window is broadening rather than fading.

Jul 24, 2026

IPO· Jul 24, 2026

Plaid, Verkada Quietly Line Up Banks for IPOs

Plaid, Verkada Quietly Line Up Banks for IPOs

Pinnacle Acquisition, NorthStrive Acquisition I and Market Technology Acquisition Corp all filed SPAC registrations this week targeting $500 million-plus across finance, manufacturing and clearing infrastructure.

Starfighters Space, a Florida aerospace testing company, filed an amended S-1/A for its Nasdaq listing under ticker FJET, joining smaller space names riding SpaceX's IPO halo effect.

Avalanche Treasury Corp, a Nasdaq vehicle that accumulates AVAX on its balance sheet, has crashed 73% since its June debut and warned in a filing that it may not survive.

Jul 22, 2026

IPO· Jul 22, 2026

US Biotech Axiom Chooses Hong Kong Listing Over Wall Street

US Biotech Axiom Chooses Hong Kong Listing Over Wall Street

US biotech firm Axiom AIOSciences is listing in Hong Kong before pursuing a US listing, a reversal of the usual playbook that reflects how competitive Asian capital markets have become for biotech and AI-adjacent listings.

Jul 22, 2026

IPO· Jul 21, 2026

Goldman Sachs Launches Private Markets Platform for Rich Investors

Goldman Sachs Launches Private Markets Platform for Rich Investors

Goldman Sachs created a private markets platform to give wealthy investors exposure to pre-IPO companies like the next SpaceX or Stripe, formalizing Wall Street's push into late-stage private deals.

Jul 21, 2026

IPO· Jul 21, 2026

Super Micro Surges 15% on New AI Server Orders Tied to SpaceX

IPO+15% on $60B orders

Super Micro Surges 15% on New AI Server Orders Tied to SpaceX

Super Micro shares jumped 15% after disclosing new AI server orders topped $60 billion and gross margins would nearly double, with CEO Charles Liang citing a new gigawatt data center build with SpaceX and xAI.

Jul 21, 2026

IPO· Jul 21, 2026

Super Micro Surges 15% on New Order Tied to SpaceX

IPO~105x implied multiple

Super Micro Surges 15% on New Order Tied to SpaceX

Super Micro shares jumped 15% after disclosing a new order and improved margin outlook tied to a SpaceX-linked announcement, showing how tightly server supply chains are tethered to a few mega-cap customers.

B&R Technology Merger priced a $325 million SPAC IPO on Nasdaq, one of the largest blank-check offerings this year targeting technology companies with AI tailwinds.

Value Add Pulse analysis: Databricks tripled its valuation to $188B in 19 months without a single public trading day, making it the clearest test of whether private AI marks survive contact with public markets.

Jul 18, 2026

IPO· Jul 18, 2026

What SpaceX's 105x Multiple Means for the IPO Pipeline

What SpaceX's 105x Multiple Means for the IPO Pipeline

Value Add Pulse analysis: SpaceX's median analyst target implies a 105x revenue multiple even after a 42% post-IPO decline, a comp every AI-adjacent IPO hopeful will now be measured against.

Newcomer's weekly analysis asks whether 2026's red-hot IPO window can survive SpaceX's post-listing stock collapse and a broader volatility spike, with several AI-adjacent companies still queued to list this year.

Jul 17, 2026

IPO· Jul 17, 2026

12 New S-1 Filings Show a Micro-Cap Biotech Wave

12 New S-1 Filings Show a Micro-Cap Biotech Wave

A dozen new SEC S-1 and S-1/A filings this week, dominated by small biotech and biopharma names, show a steady drip of micro-cap public offerings continuing well below the AI-mega-cap headlines dominating the IPO conversation.

Jul 17, 2026

IPO· Jul 17, 2026

SpaceX Falls Further as Starship Test Flight Aborted

SpaceX Falls Further as Starship Test Flight Aborted

SpaceX shares fell further in premarket trading after a Starship test flight was aborted when several engines failed to start, adding a fresh operational setback on top of the stock's already-below-issue-price slide.

Jul 17, 2026

IPO· Jul 16, 2026

Seven Companies File S-1s in a Single Week

Seven Companies File S-1s in a Single Week

SpaceX Shares Slip Below Their $135 IPO Price

IPOBelow $135/share

SpaceX Shares Slip Below Their $135 IPO Price

SpaceX stock traded below its $135 IPO price for the first time, a notable early test for one of the most anticipated public listings in recent market history.

Jaguar Health, Vogenx Join a Growing Biotech S-1 Queue

Jaguar Health, Vogenx Join a Growing Biotech S-1 Queue

Jaguar Health and Vogenx both filed S-1 paperwork with the SEC, adding to a biotech IPO queue that's grown steadily through 2026 as public-market appetite for clinical-stage listings recovers.

SPAC and Fintech S-1 Filings Surge in a Single Day

SPAC and Fintech S-1 Filings Surge in a Single Day

Banzai International, FreeCast, authID and Churchill Capital Corp XIII all filed IPO or SPAC-related paperwork with the SEC the same day, a notable cluster in an otherwise quiet software-listing environment.

Anthropic Moves Closer to a Mega-IPO

Anthropic Moves Closer to a Mega-IPO

Anthropic is moving closer to a public listing, with bankers reportedly lining up investor meetings, a step that would make it one of the largest AI IPOs alongside OpenAI's own expected debut.

Stripe's Deal Pace Accelerates With Reported $53B PayPal Bet

IPO~$53B reported deal

Stripe's Deal Pace Accelerates With Reported $53B PayPal Bet

Stripe's acquisition pace has accelerated meaningfully, with nothing rivaling its reported interest in a roughly $53 billion PayPal-related deal, a scale of ambition unusual for a still-private fintech giant.

Standard Nuclear Amends Its NYSE IPO Filing

Standard Nuclear Amends Its NYSE IPO Filing

Standard Nuclear filed an amended S-1/A refining terms for its planned NYSE listing to fund its small modular reactor buildout, a sign underwriters are finalizing roadshow pricing.

The SPAC Pipeline Is Quietly Filling Back Up

The SPAC Pipeline Is Quietly Filling Back Up

Two SPAC vehicles, Crestone Strategic Capital and Material Resource Acquisition Corp, both progressed toward listing this week, a quiet sign the blank-check market is testing itself again.

Morgan Stanley Amends Ethereum and Solana Trust Filings

Morgan Stanley Amends Ethereum and Solana Trust Filings

Morgan Stanley filed amended S-1s for both a Morgan Stanley Ethereum Trust and a Morgan Stanley Solana Trust, extending the spot-Bitcoin-ETF playbook to the next tier of large-cap tokens.

Two New Biotech IPO Filings Land in One Week

IPO2 S-1s, same week

Two New Biotech IPO Filings Land in One Week

Braveheart Bio and Attovia Therapeutics both filed S-1s the same week, adding two names to 2026's biotech IPO pipeline amid the strongest H1 biotech venture funding since 2022.

IPO$965B valuation, $47B revenue

Anthropic's $965B Mark Meets the Physical-Infra IPO

Anthropic's $965B Mark Meets the Physical-Infra IPO

Anthropic's confidential S-1 and $965 billion valuation sit against a backdrop where this year's actual IPO winners -- SK Hynix, Csquare, Standard Nuclear -- have all been physical infrastructure, not software-first AI labs.

IPOInfra IPOs vs thin software pipeline

The Software IPO Drought Behind 2026's Infra Boom

The Software IPO Drought Behind 2026's Infra Boom

SK Hynix, Csquare, Standard Nuclear and Meta's $50B Louisiana buildout keep winning capital while pure application-layer software IPOs stay scarce -- a gap that's now wide enough to be the real 2026 IPO story.

IPO$8B considered valuation

Plaid's IPO Chatter Is a Fintech Market Signal

Plaid's IPO Chatter Is a Fintech Market Signal

Plaid is weighing a US IPO after reaching an $8 billion valuation, still well below its 2021 peak of $13.4 billion, a signal of how selectively fintech valuations are recovering as physical AI infrastructure dominates IPO attention.

DeepSeek in Talks to Raise $1.5B, Then IPO

IPO$1.5B raise

DeepSeek in Talks to Raise $1.5B, Then IPO

DeepSeek is reportedly in talks to raise $1.5 billion in private funding as a step toward an eventual IPO, following Goldman Sachs naming it a preferred Chinese AI model.

Quantum Corp Files S-1 for a Fresh Public Listing

Quantum Corp Files S-1 for a Fresh Public Listing

Legacy data-storage company Quantum Corp filed a new S-1 with the SEC, a notable re-listing move as AI-driven data growth renews demand for storage infrastructure.

The SPAC Market's Quiet 2026 Comeback

IPO$9.8B Q2 2026

The SPAC Market's Quiet 2026 Comeback

SPACs priced 55 IPOs raising $9.8 billion in Q2 2026 alone, and a fresh wave of merger announcements -- from healthcare to energy to biotech -- shows the vehicle finding real footing again after its 2022-era collapse.

Biotech's IPO Window: Open, But Only for the Strongest Pipelines

IPO$45M target

Biotech's IPO Window: Open, But Only for the Strongest Pipelines

Tarsier Pharma's ~$45 million NYSE American debut shows biotech's IPO window remains open in 2026 -- but only for companies with genuinely differentiated, late-stage pipelines, not broad speculative interest.

SK Hynix's Pop Is a Preview of the OpenAI-Anthropic IPO Fight

IPO$2T+ combined

SK Hynix's Pop Is a Preview of the OpenAI-Anthropic IPO Fight

SK Hynix's 13% first-day pop is the freshest data point ahead of a much bigger test: OpenAI and Anthropic are both racing toward IPOs that could value the two labs at a combined $2 trillion or more.

Chinese Humanoid Robotics Startups Rush Toward IPOs

IPO$2.21B (LimX)

Chinese Humanoid Robotics Startups Rush Toward IPOs

LimX Dynamics and Unitree are rushing toward IPOs as Chinese humanoid-robotics companies treat a public listing as close to mandatory, following LimX's $200 million pre-IPO round at a $2.21 billion valuation.

Standard Nuclear Files for NYSE IPO to Fund SMR Buildout

IPO$356M target

Standard Nuclear Files for NYSE IPO to Fund SMR Buildout

Standard Nuclear plans to list on the NYSE this week, offering 18.25 million shares at $18-$21 to raise roughly $356 million at a $3.3 billion valuation, funding its small modular reactor buildout.

Data-Center Operator Csquare Files for $1.25B NYSE IPO

IPO$1.25B target

Data-Center Operator Csquare Files for $1.25B NYSE IPO

Csquare, a data-center operator, is set to list on the NYSE this week offering 50 million shares at $23-$27, targeting roughly $1.25 billion at the midpoint -- one of two infrastructure IPOs headlining this week's calendar.

SK Hynix Begins Regular Nasdaq Trading as Ticker Flips to SKHY

IPO$26.5B raised

SK Hynix Begins Regular Nasdaq Trading as Ticker Flips to SKHY

SK Hynix's ADRs began trading under their permanent ticker SKHY on Monday, days after the memory-chip giant's $26.5 billion Nasdaq debut -- the largest-ever US listing by a non-American company -- popped 13% on its first day.

IPO· Jul 12, 2026

Why 2026's IPO Boom Keeps Rewarding Infrastructure First

Why 2026's IPO Boom Keeps Rewarding Infrastructure First

Value Add Pulse analysis: the largest, best-received 2026 IPOs and pre-IPO windfalls have overwhelmingly gone to the physical and financial infrastructure underneath AI, not to application-layer companies riding on top of it.

Jul 12, 2026

IPO· Jul 12, 2026

James Murdoch's SpaceX Bet Nets $7.5 Billion

IPO$7.5B windfall (est.)

James Murdoch's SpaceX Bet Nets $7.5 Billion

James Murdoch's roughly $120 million of pre-IPO SpaceX stock, bought in 2019 and 2020 via Lupa Systems, could now be worth as much as $7.4 billion following SpaceX's public listing, Pitchbook analysis shows.

Jul 12, 2026

IPO· Jul 11, 2026

Why the 2026 IPO Boom Is About to Broaden Beyond AI

Why the 2026 IPO Boom Is About to Broaden Beyond AI

US IPO proceeds hit roughly $115.6 billion in H1 2026 on a handful of AI and chip mega-deals, but Fortune reports strategists expect H2 to broaden into manufacturing, defense and energy listings.

Apnimed, a Shionogi-backed clinical-stage biotech, filed for a Nasdaq IPO under ticker APMD as its lead drug candidate Oxnimbi -- the first investigational oral pill for obstructive sleep apnea -- awaits an FDA decision expected in Q1 2027.

Anthropic's $50 billion Series H, split across a ten-investor syndicate plus separate multi-billion tranches from Google and Amazon, shows how mega private rounds are absorbing capital that once would have pushed companies toward an IPO.

Jul 8, 2026

IPO· Jul 8, 2026

The SPAC Pipeline Is Quietly Filling Back Up in 2026

IPO$2.5B SPAC deal, largest in sector

The SPAC Pipeline Is Quietly Filling Back Up in 2026

A wave of small blank-check filings -- Southern Cross Acquisition II, OceanLight Acquisition and others -- is moving through the SEC this week, even as the large-cap IPO calendar stays nearly empty outside SK Hynix's Nasdaq debut.

Cycurion, which sells AI-driven cybersecurity to the Department of Defense and Homeland Security with an $80 million backlog, filed for a Nasdaq IPO under ticker CYCU after closing a bolt-on Secuvant acquisition.

Jul 6, 2026

IPO· Jul 5, 2026

Agility's SPAC Bet: Can Real Robots Beat SPAC Volatility?

Agility's SPAC Bet: Can Real Robots Beat SPAC Volatility?

Agility Robotics' $2.5B SPAC merger tests whether a humanoid robotics company with real warehouse revenue can avoid the boom-bust volatility that has plagued most SPAC-listed companies over the past several cycles.

OpenAI is reportedly weighing a delay of its IPO to 2027 amid volatile public markets and SpaceX's choppy post-debut trading, a hesitation that could reshape the entire 2026-2027 tech IPO pipeline.

SpaceX will join the Nasdaq-100 before market open on July 7, just 17 days after its June IPO -- one of the fastest index inclusions on record -- forcing an estimated $4.3B in passive index-fund buying.

Bending Spoons priced its Nasdaq IPO at $29 per share on June 30 — above its $26-$28 marketed range — raising $1.68 billion at an $18.4 billion valuation, then closed its first trading day up roughly 40% near $25.7 billion. The Milan-based company, which buys and revitalizes aging tech brands including AOL, Evernote, Meetup and Vimeo, posted $601 million in Q1 revenue and swung to a $27.4 million profit from a $112 million loss a year earlier.

Jul 1, 2026

IPO· Jul 1, 2026

VenHub Global Files Amended S-1 for Nasdaq Direct Listing of Fully Autonomous Robotic Stores

IPODirect listing, no new capital

VenHub Global Files Amended S-1 for Nasdaq Direct Listing of Fully Autonomous Robotic Stores

VenHub Global filed an S-1/A amendment on July 1 as it works toward a direct listing on Nasdaq under ticker VNHB, registering up to 15.5 million shares for sale by existing holders rather than raising new capital. The company builds fully autonomous, AI-driven robotic smart stores, has deployed three to date, and carries an accumulated deficit near $98.8 million with auditors flagging substantial going-concern doubt.

Actelis Networks filed a new Form S-1 with the SEC on July 1, following an earlier registration statement that went effective in November 2025. The Sunnyvale, California-based company sells hybrid fiber-copper-coax networking equipment for IoT, security and telecom deployments, letting customers deploy fast, secure connectivity over existing copper and coaxial infrastructure without a full fiber rebuild.

Jul 1, 2026

IPO· Jul 1, 2026

Asia AI Group Files Fresh S-1, Widening the AI-Branded IPO Pipeline Beyond the Frontier Labs

Asia AI Group Files Fresh S-1, Widening the AI-Branded IPO Pipeline Beyond the Frontier Labs

Asia AI Group Inc filed a Form S-1 with the SEC on July 1, joining a wave of smaller companies filing AI-branded registration statements even as OpenAI, Anthropic and SpaceX dominate IPO headlines with valuations near or above $1 trillion. The filing adds to a growing list of small-cap AI-named S-1s this year, underscoring how far the AI-IPO enthusiasm has spread beyond the handful of marquee frontier labs getting most investor attention.

Jul 1, 2026

IPO· Jul 1, 2026

Freedom Metals Acquisition Corp Amends S-1 for Critical-Metals-Focused SPAC IPO

IPOSPAC IPO filing

Freedom Metals Acquisition Corp Amends S-1 for Critical-Metals-Focused SPAC IPO

Freedom Metals Acquisition Corp filed an S-1/A amendment on July 1, detailing a blank-check company structure targeting acquisitions in the critical metals and mining sector. Sponsor NLC America SPAC 1 LLC and underwriter Cohen & Company Capital Markets have committed to purchase private placement units worth up to roughly $9.1 million if the over-allotment option is exercised in full, positioning the SPAC to hunt for a target in a sector newly critical to both AI data-center buildouts and defense supply chains.

Factorial Energy completed its business combination with Cartesian Growth Corporation III and began trading on Nasdaq under ticker FAC on June 8, implying about $1.3 billion in equity value and delivering over $100 million in gross proceeds to fund commercialization of its solid-state batteries for defense, data centers, drones, robotics and e-mobility. Stellantis holds a 9.5% stake in the combined company, underscoring continued automaker conviction in solid-state battery technology.

Startup exits worth $1 billion or more were more numerous in Q2 2026 than at any point since the 2021 market peak, according to Crunchbase data -- powered by SpaceX's record IPO (a $2.1 trillion first-day market cap on $75 billion raised), Cerebras's and Quantinuum's debuts, and SpaceX's $60 billion acquisition of Cursor. The quarter signals the long-frozen exit window has decisively reopened for late-stage tech.

AMASS Brands filed a Form S-1 with the SEC on June 29, stepping toward a public listing as a consumer-brands company -- a notable test of whether the reopened IPO window extends beyond AI and deep tech into consumer packaged goods. The filing adds a different flavor to a 2026 pipeline dominated by frontier-tech and infrastructure names.

IPO· Jun 29, 2026

Autonomous Industrial Drone Firm Exyn Technologies Files S-1 Amid Defense-Tech IPO Rush

Autonomous Industrial Drone Firm Exyn Technologies Files S-1 Amid Defense-Tech IPO Rush

Exyn Technologies filed an S-1 on June 29 to go public, joining a wave of autonomy and defense-tech companies pursuing 2026 IPOs. Its GPS-denied drone autonomy stack ships into mining, industrial inspection and defense customers — a category directly benefiting from Pentagon's Iran-war-accelerated drone procurement push.

IPO· Jun 29, 2026

Autonomous-Drone Maker Exyn Technologies Files S-1 as Physical AI Heads to Market

Autonomous-Drone Maker Exyn Technologies Files S-1 as Physical AI Heads to Market

Exyn Technologies, which builds fully autonomous aerial robots for GPS-denied environments like underground mines, filed a Form S-1 with the SEC. The company's drones have achieved Level 4 autonomy -- the highest aerial autonomy demonstrated to date, with onboard mapping and no human pilot -- positioning Exyn in the fast-emerging 'physical AI' category just as governments and investors pour capital into embodied robotics.

IPO· Jun 29, 2026

Q2 2026 Delivered the Most Billion-Dollar Startup Exits Since 2021

IPOMost exits since 2021

Q2 2026 Delivered the Most Billion-Dollar Startup Exits Since 2021

Q2 2026 produced the most billion-dollar startup exits since the 2021 boom, led by SpaceX's blockbuster IPO and its record $60 billion purchase of Cursor parent Anysphere, according to Crunchbase data. While exit counts still trail the 2021 peak, the sheer size of deals -- with Anthropic and OpenAI now filing to test the trillion-dollar mark -- is the defining feature of the reopened liquidity window.

Classover Rebrands as KIDZ AI and Files S-1 to Fund AI Learning and Compute Push

Classover Rebrands as KIDZ AI and Files S-1 to Fund AI Learning and Compute Push

KIDZ AI Inc. (Nasdaq: KIDZ), the AI-education company formerly known as Classover Holdings, filed a Form S-1 with the SEC as it pivots from live online enrichment classes for kids toward AI-powered learning systems -- and, notably, AI compute infrastructure and GPU cloud. The rebrand-and-refile captures both the edtech-AI wave and the 2026 trend of small caps chasing the AI-infrastructure story.

Ionic Digital Files S-1 for Nasdaq Listing as Bitcoin-Mining IPOs Return with a Vengeance

Ionic Digital Files S-1 for Nasdaq Listing as Bitcoin-Mining IPOs Return with a Vengeance

Ionic Digital filed a Form S-1 on June 26 to list on Nasdaq, joining a fresh wave of bitcoin-mining IPOs riding a record-high BTC price and post-halving miner economics. The company operates data-center-scale hosted mining infrastructure and is pivoting portions of capacity toward AI compute contracts.

TEN Holdings Prices a $7.5M Offering via S-1MEF as Micro-Cap Issuance Stirs

IPO$7.5M offering

TEN Holdings Prices a $7.5M Offering via S-1MEF as Micro-Cap Issuance Stirs

TEN Holdings (Nasdaq: XHLD), the parent of event production and broadcasting firm Ten Events, filed an S-1MEF with the SEC and priced a $7.5 million offering of 7.5 million shares at $1.00 each, with WestPark Capital as sole placement agent. The deal is a small but telling sign that capital-markets activity is reaching well down the cap-size spectrum, not just the marquee AI and biotech names.

Jupiter Neurosciences Files S-1 to Fund Its Neuroinflammation and Longevity Pipeline

Jupiter Neurosciences Files S-1 to Fund Its Neuroinflammation and Longevity Pipeline

Clinical-stage biotech Jupiter Neurosciences (Nasdaq: JUNS) filed a Form S-1 with the SEC to register fresh capital as it advances its lead candidate JOTROL, a proprietary resveratrol platform targeting rare and neuroinflammatory CNS disorders and, increasingly, longevity. The filing adds another central-nervous-system name to a 2026 biotech pipeline that keeps widening alongside AI and chips.

QumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq Debut

QumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq Debut

QumulusAI filed its latest S-1/A amendment with the SEC on June 26, continuing a string of amendments dating back to February as it works toward a Nasdaq listing. The company delivers rapid-deployment, GPU-powered cloud infrastructure targeted at small and mid-market AI teams — machine learning groups, AI infrastructure startups and research institutions — that large hyperscalers often underserve or price out.

Akari Therapeutics Files an S-1/A to Fund Its TROP2 Cancer Drug Toward the Clinic

Akari Therapeutics Files an S-1/A to Fund Its TROP2 Cancer Drug Toward the Clinic

Oncology biotech Akari Therapeutics (Nasdaq: AKTX) filed a Form S-1/A with the SEC to register capital as it advances AKTX-101, a TROP2-targeting antibody-drug conjugate built on its proprietary PH1 payload platform. The filing adds another clinical-stage cancer name to a 2026 capital-markets pipeline that biotech is increasingly populating alongside AI and chips.

IPO· Jun 25, 2026

SpaceX's $60B Cursor Deal Puts the US on Track for a Record Startup M&A Year

IPO$119.8B+ YTD

SpaceX's $60B Cursor Deal Puts the US on Track for a Record Startup M&A Year

Acquirers have spent at least $119.8 billion buying US startups so far in 2026, on pace to beat 2025's record, with SpaceX's $60 billion purchase of Cursor parent Anysphere -- the largest startup acquisition ever -- leading the charge. Biotech made up half the top-10 deals, signaling that the exit window has reopened broadly, not just for AI.

Jun 25, 2026

IPO· Jun 24, 2026

GPS-Monitoring Tech Firm Track Group Files a Form S-1 With the SEC

GPS-Monitoring Tech Firm Track Group Files a Form S-1 With the SEC

Track Group, which designs location-tracking devices and the software and analytics behind them, filed a Form S-1 with the SEC. The filing adds a govtech and public-safety hardware name to a 2026 IPO pipeline dominated by AI labs and semiconductors -- a reminder that the listing window is broadening to less glamorous, cash-generating niches.

Jun 24, 2026

IPO· Jun 24, 2026

Energy-Midstream Operator Vivakor Files an Amended S-1 Amid Crude Volatility

Energy-Midstream Operator Vivakor Files an Amended S-1 Amid Crude Volatility

Vivakor, a Nasdaq-listed integrated energy transportation, storage and crude-logistics operator, filed an amended Form S-1 with the SEC. The filing -- coming as crude-oil volatility lifts demand for midstream infrastructure -- highlights how the IPO and registration pipeline extends well beyond tech into the physical energy economy underpinning the AI buildout.

Jun 24, 2026

IPO· Jun 24, 2026

Biospecimen Marketplace iSpecimen Files a Form S-1 With the SEC

Biospecimen Marketplace iSpecimen Files a Form S-1 With the SEC

iSpecimen, which operates an online marketplace connecting medical researchers with human biological specimens, filed a Form S-1 with the SEC. The filing adds a health-data and life-sciences infrastructure name to a 2026 IPO pipeline that has skewed heavily toward AI labs and semiconductors.

Jun 24, 2026

IPO· Jun 23, 2026

Cancer-Immunotherapy Developer Liminatus Pharma Files S-1 to Go Public

Cancer-Immunotherapy Developer Liminatus Pharma Files S-1 to Go Public

Liminatus Pharma, a clinical-stage biotech developing cancer immunotherapies, filed a Form S-1 with the SEC for an IPO. The filing is a sign of life in the long-dormant biotech IPO market, which has lagged the tech-led reopening.

Jun 23, 2026

IPO· Jun 23, 2026

SaaS-Security Startup Spin AI Files S-1 for an IPO

SaaS-Security Startup Spin AI Files S-1 for an IPO

Spin AI, which builds AI-driven security and data-protection software for SaaS applications, filed a Form S-1 with the SEC to go public. The filing adds an enterprise-security name to a widening IPO pipeline, riding demand for tools that protect the sprawling stack of cloud apps companies now run.

Jun 23, 2026

IPO· Jun 23, 2026

Low-Power Chipmaker Ambiq Micro Files S-1MEF, Racing Toward an Imminent IPO Pricing

IPOIPO imminent

Low-Power Chipmaker Ambiq Micro Files S-1MEF, Racing Toward an Imminent IPO Pricing

Ambiq Micro, the ultra-low-power semiconductor company whose chips power wearables and edge-AI devices, filed an S-1MEF with the SEC -- a registration that companies submit immediately before an IPO prices. The filing signals Ambiq is in the final stretch toward going public as appetite for chip and edge-AI names returns.

Jun 23, 2026

Subsea Robotics Firm Nauticus Robotics Files S-1/A Amid Defense-Autonomy Demand

Subsea Robotics Firm Nauticus Robotics Files S-1/A Amid Defense-Autonomy Demand

Nauticus Robotics, which builds autonomous subsea robots and the AI software that runs them, filed an amended S-1 (S-1/A) with the SEC. The filing rides a wave of investor appetite for autonomous maritime and defense systems, the same demand fueling private giants like Saronic.

Ambiq Micro Files S-1 to List on NYSE, Betting Ultra-Low-Power AI Silicon on Public Investors

Ambiq Micro Files S-1 to List on NYSE, Betting Ultra-Low-Power AI Silicon on Public Investors

Austin-based Ambiq Micro filed an S-1 on June 22 to list on the NYSE, marking the largest ultra-low-power AI chip IPO filing of 2026. Ambiq's Apollo family powers ~200 million shipped smartwatches, wearables and IoT sensors and is a leading candidate to define on-device AI silicon in consumer electronics.

Autonomous Smart-Store Maker VenHub Global Files S-1 for an IPO

Autonomous Smart-Store Maker VenHub Global Files S-1 for an IPO

VenHub Global, which builds fully autonomous, AI-powered smart stores, filed a Form S-1 with the SEC to go public. The filing brings a physical-AI retail automation play to the IPO pipeline, betting that robotic, self-operating storefronts can reshape convenience retail.

Edge-AI Chipmaker Ambiq Micro Files S-1 for a Nasdaq IPO

Edge-AI Chipmaker Ambiq Micro Files S-1 for a Nasdaq IPO

Austin-based Ambiq Micro filed its S-1 to go public, pitching investors on ultra-low-power semiconductors for AI at the edge. Its proprietary SPOT technology claims to run chips at roughly a tenth of normal voltage for up to 80% energy savings -- a timely story as AI's power appetite dominates the narrative.

Uber-Backed Lime Files to IPO on Nasdaq as 'LIME' After $886M Revenue Year

IPO~$200M target

Uber-Backed Lime Files to IPO on Nasdaq as 'LIME' After $886M Revenue Year

Neutron Holdings, the parent of micromobility operator Lime, has filed to go public on the Nasdaq under the ticker 'LIME,' targeting roughly $200 million in proceeds at about a $1.8 billion valuation. Lime crossed $886 million in revenue in 2025 with positive free cash flow, but warned of 'substantial doubt' about continuing as a going concern without the raise.

IPO· Jun 19, 2026

Japan's Go Surges 21% in the Country's Biggest 2026 IPO, Then Races Toward Robotaxis

IPO¥88.6B IPO

Japan's Go Surges 21% in the Country's Biggest 2026 IPO, Then Races Toward Robotaxis

Go, Japan's dominant ride-hailing app, jumped 21% in its Tokyo debut after a 25x-oversubscribed ¥88.6 billion offering -- the country's largest IPO of 2026 -- and is now steering the proceeds toward Waymo-powered robotaxis and acquisitions. It's a rare profitable, category-leading tech listing, and a signal that the IPO thaw has gone global.

Jun 19, 2026

IPO· Jun 19, 2026

Japan's Top Taxi App Go Raises $580M in Tokyo's Biggest IPO of 2026, Betting the Proceeds on Robotaxis

IPO~$580M

Japan's Top Taxi App Go Raises $580M in Tokyo's Biggest IPO of 2026, Betting the Proceeds on Robotaxis

Go Inc., Japan's dominant ride-hailing app, raised about $580 million in the country's largest IPO of the year and jumped as much as 21% on its Tokyo debut. The Goldman-backed offering was 25x oversubscribed, and Go is funneling the proceeds into robotaxis -- a Waymo partnership aimed at Japan's worsening driver shortage.

Jun 19, 2026

Chipmaker Mobix Labs Files S-1 as Semiconductor Names Test the IPO Window

Chipmaker Mobix Labs Files S-1 as Semiconductor Names Test the IPO Window

Mobix Labs filed an S-1 registration statement with the SEC, adding a semiconductor name to a 2026 IPO pipeline increasingly stocked with companies tied to the AI and connectivity buildout. The filing is an early step that signals confidence chip-sector stories can find public-market demand in the current window.

Bleichroeder Acquisition Corp. III Files S-1 as Blank-Check IPOs Quietly Return

Bleichroeder Acquisition Corp. III Files S-1 as Blank-Check IPOs Quietly Return

Bleichroeder Acquisition Corp. III filed an S-1 with the SEC for a new blank-check IPO, the latest in a string of SPAC filings testing whether the structure can return on disciplined terms. After the 2021 boom-and-bust, sponsors are betting a healthier IPO tape gives blank-check vehicles a second life.

Standard Nuclear Files S-1, Taking Advanced Nuclear to Public Markets

Standard Nuclear Files S-1, Taking Advanced Nuclear to Public Markets

Standard Nuclear filed an S-1 registration statement with the SEC, moving to tap public markets as demand for advanced nuclear fuel and small modular reactors surges alongside the AI data-center power crunch. The filing adds a clean-energy name to a pipeline that has been dominated by AI and space.

Morgan Stanley Files Amended S-1s for Solana and Ethereum Trusts, Widening the Crypto-ETF Door

Morgan Stanley Files Amended S-1s for Solana and Ethereum Trusts, Widening the Crypto-ETF Door

Morgan Stanley filed amended S-1 registration statements for both a Solana Trust and an Ethereum Trust with the SEC, pushing a blue-chip Wall Street name deeper into spot-crypto products beyond Bitcoin. The filings signal that institutional crypto access is broadening from BTC into the next tier of large-cap tokens.

Standard Nuclear Files S-1, Putting Advanced Nuclear Fuel on the IPO Runway

Standard Nuclear Files S-1, Putting Advanced Nuclear Fuel on the IPO Runway

Standard Nuclear filed an S-1 registration statement with the SEC, pushing a domestic advanced-nuclear-fuel company toward public markets. The filing rides the same AI-power demand wave fueling fusion, and signals that the IPO pipeline is broadening from software into hard-tech energy.

AIM ImmunoTech Files S-1 as Biotech Joins the Reopening IPO Pipeline

AIM ImmunoTech Files S-1 as Biotech Joins the Reopening IPO Pipeline

AIM ImmunoTech filed an S-1 with the SEC, adding a clinical-stage biotech name to a public-market pipeline that has been widening past tech into energy and life sciences. Biotech listings have been among the slowest to thaw, so fresh filings are a useful read on whether risk appetite is returning to the sector.

Morgan Stanley Files for an Ethereum Trust as Wall Street Deepens Its Crypto Push

Morgan Stanley Files for an Ethereum Trust as Wall Street Deepens Its Crypto Push

Morgan Stanley filed an amended S-1 for an Ethereum Trust, a single-asset vehicle giving investors regulated exposure to ETH, alongside a parallel Solana Trust filing. The move signals a bulge-bracket bank broadening institutional crypto access beyond Bitcoin into the next tier of digital assets.

SpaceX (SPCX) -- Record $85.7B IPO, Up 58% in Four Sessions

IPO$85.7B

SpaceX (SPCX) -- Record $85.7B IPO, Up 58% in Four Sessions

Priced at $135, opened at $161, and now up roughly 58% over its first four trading sessions, with a market cap that has overtaken Tesla's. Days after listing, SpaceX is already deploying its new currency on a $60B all-stock bid for Cursor.

EigenQ Goes Public via $3B SPAC -- Quantum Cybersecurity Hits Wall Street

IPO$3B valuation

EigenQ Goes Public via $3B SPAC -- Quantum Cybersecurity Hits Wall Street

Quantum-cybersecurity firm EigenQ is going public through a SPAC merger with Silicon Valley Acquisition Corp at a $3B valuation, raising about $215M. The company cites a $1.1B backlog and 25% revenue growth in 2025 -- a rare deep-tech listing that isn't a pure AI play.

Japan's GO Ride-Hail Prices IPO, Closes 10% Above Offering to Fund Robotaxis

IPO+10% day 1

Japan's GO Ride-Hail Prices IPO, Closes 10% Above Offering to Fund Robotaxis

Japanese ride-hailing app GO went public and closed about 10% above its offering price, directing proceeds toward robotaxi development and autonomous-driving partnerships. The debut is a fresh sign the IPO thaw is reaching beyond U.S. mega-caps to international tech with concrete AI roadmaps.

IPO· Jun 17, 2026

Kardigan Files S-1MEF, Clearing the Last Step Toward Its Biotech IPO

IPOS-1MEF filed

Kardigan Files S-1MEF, Clearing the Last Step Toward Its Biotech IPO

Cardiovascular biotech Kardigan filed an S-1MEF with the SEC -- a short-form registration used to register additional shares immediately before an offering goes effective. The filing signals Kardigan's IPO is imminent, a sign the biotech listing window is creaking back open alongside tech.

Jun 17, 2026

IPO· Jun 17, 2026

Klarna Prices $1.2B IPO at $25B -- BNPL Returns to Public Markets

IPO$25B valuation

Klarna Prices $1.2B IPO at $25B -- BNPL Returns to Public Markets

Klarna priced its IPO at a $25B valuation, raising $1.2B and reopening the consumer-fintech window that's been shut since 2022. The buy-now-pay-later pioneer is profitable again after a brutal repricing -- and its debut is the real test of whether public markets will pay up for fintech in an AI-dominated tape.

Jun 17, 2026

IPO· Jun 16, 2026

bioAffinity Files S-1 as Lung Cancer Test Sales Triple

bioAffinity Files S-1 as Lung Cancer Test Sales Triple

bioAffinity Technologies filed an S-1 as its noninvasive CyPath Lung cancer test, which shows 92% sensitivity in clinical trials, posted nearly 300% year-over-year unit sales growth in April 2026.

Jun 16, 2026

IPO· Jun 15, 2026

SpaceX IPO Shatters Records: $85.7B Raised, Valuation Crosses $2 Trillion

IPO$85.7B

SpaceX IPO Shatters Records: $85.7B Raised, Valuation Crosses $2 Trillion

SpaceX raised $85.7B across 639M shares in the largest IPO in history, tripling Saudi Aramco's 2019 record. Priced at $135, it opened at $161 and now trades at $178 -- a 32% gain on the offer price that minted billions in day-one paper gains for early employees and secondary-market buyers.

Jun 15, 2026

IPO· Jun 10, 2026

OpenAI and Anthropic File Confidential S-1s -- IPOs Expected 2026

OpenAI and Anthropic File Confidential S-1s -- IPOs Expected 2026

The two most valuable private AI companies -- OpenAI at ~$852B, Anthropic at ~$965B -- have both filed confidentially with the SEC. When they list, all six MANGOS companies will be public.

Jun 10, 2026

IPO· Jun 9, 2026

Research Alliance Files for Its Fourth Healthcare SPAC

Research Alliance Files for Its Fourth Healthcare SPAC

Research Alliance Corp IV filed for a $75 million IPO of 7.5 million Class A shares, the fourth blank-check company from a sponsor group that has repeatedly targeted healthcare-sector reverse mergers.

Jun 9, 2026

IPO· Jun 8, 2026

Matternet Becomes First Pure-Play Drone Delivery Company to Go Public

IPO$33M raised

Matternet Becomes First Pure-Play Drone Delivery Company to Go Public

Matternet, the FAA type-certified drone delivery platform, completed a reverse merger to go public and raised $33 million in a private placement alongside the transaction, closing May 22 and making it the first publicly reporting company focused exclusively on drone delivery. CEO Andreas Raptopoulos framed 2026 as the inflection point for U.S. drone delivery as the company expands across healthcare, retail and restaurant delivery.

Jun 8, 2026

IPO· Jun 8, 2026

HCW Biologics Files S-1 for Small $5.6M Best-Efforts Raise