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stories 481–540 of 705IPO$40B-$50B Target
Shein's IPO Prospectus Reveals Slowing Growth
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.
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.
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.
Plaid, Verkada Quietly Line Up Banks for IPOs
IPO
Plaid, Verkada Quietly Line Up Banks for IPOs
Two well-capitalized infrastructure unicorns are separately testing the IPO waters, suggesting the reopened window extends beyond consumer brands and SpaceX-scale mega-deals.
Crypto's IPO Hopefuls Face a Steep Valuation Reset
IPO
Crypto's IPO Hopefuls Face a Steep Valuation Reset
Crypto prime broker FalconX and Blockchain.com have both filed confidentially for U.S. IPOs, but analysts expect valuations far below their 2022 peaks in today's cautious market.
Reformation Prices Alongside Jersey Mike's This Week
IPO$293M IPO
Reformation Prices Alongside Jersey Mike's This Week
Reformation is pricing its NYSE debut the same night as Jersey Mike's, giving investors a rare back-to-back read on consumer-brand IPO appetite.
Why AI Capex Is Now the IPO Market's Biggest Swing Factor
IPO
Why AI Capex Is Now the IPO Market's Biggest Swing Factor
Value Add Pulse analysis: with Google posting negative free cash flow and Tesla's capex miss triggering a global selloff, AI capital spending discipline has become the single largest variable public investors price into any AI-adjacent IPO.
Jersey Mike's Roadshow Targets Up to $1.09B Raise
IPO$1.09B IPO
Jersey Mike's Roadshow Targets Up to $1.09B Raise
Jersey Mike's is mid-roadshow on its NYSE listing at a $21-$25 per-share range, well below earlier chatter, ahead of a targeted July 30 debut under ticker JMKE.
The Case For a Chinese AI IPO Wave Riding CXMT's Momentum
IPO
The Case For a Chinese AI IPO Wave Riding CXMT's Momentum
Value Add Pulse analysis: CXMT's $8.6 billion Shanghai debut and the Moonshot/DeepSeek open-model rush suggest Chinese AI and semiconductor companies are finding a public-market window U.S. peers currently lack.
Fusion Pioneer GFUZ Cools Off After Nasdaq Debut
IPO
Fusion Pioneer GFUZ Cools Off After Nasdaq Debut
The first pure-play fusion company to trade on a major exchange has cooled from its debut-day highs as investors settle into valuing pre-revenue fusion technology.
Why 2026's IPO Pipeline Keeps Getting Deferred, Not Canceled
IPO
Why 2026's IPO Pipeline Keeps Getting Deferred, Not Canceled
Value Add Pulse analysis: the $2.1 trillion tech IPO pipeline Forge has tracked keeps sliding to the right as capex-driven selloffs and quality-gap concerns push companies to wait rather than withdraw.
Scribe Therapeutics Prices Upsized IPO With Sanofi Backing
IPO$128.7M Raised
Scribe Therapeutics Prices Upsized IPO With Sanofi Backing
Gene-editing biotech Scribe Therapeutics priced an upsized IPO at $15 per share, raising $128.7 million with Sanofi as a strategic anchor investor, the first gene-editing IPO in over two years.
China's CXMT Sparks Cash-Drain Fears Ahead of $8.6B IPO
IPO$8.6B IPO
China's CXMT Sparks Cash-Drain Fears Ahead of $8.6B IPO
CXMT, China's largest memory chipmaker, is set to list July 27 on Shanghai's STAR Market in Asia's biggest IPO of 2026 so far, raising $8.6 billion and stoking fears it could drain cash from Chinese equities.
Ten S-1 Filings Land in a Week as IPO Plumbing Keeps Running
IPO
Ten S-1 Filings Land in a Week as IPO Plumbing Keeps Running
A wave of at least ten S-1 and S-1/A filings hit the SEC in the week of July 22-24, spanning eyewear, batteries, biotech and identity-verification companies, evidence the IPO pipeline keeps moving even without a headline mega-deal.
Google Discloses $94.1B SpaceX, $124B Anthropic Stakes
IPO$218B Combined Stakes
Google Discloses $94.1B SpaceX, $124B Anthropic Stakes
Alphabet's Q2 filing revealed a $94.1 billion SpaceX stake and a roughly $124.3 billion Anthropic stake, with nearly $98 billion in combined paper gains helping drive a record $112 billion quarterly profit.
SpaceX Shares Fall Below Their IPO Price for First Time
IPOBelow $135 IPO Price
SpaceX Shares Fall Below Their IPO Price for First Time
SpaceX shares dropped below their $135 IPO price for the first time since June, down nearly 47% from their post-listing peak, as the largest IPO in history struggles just six weeks after debuting.
Scribe Therapeutics Soars In Rare Gene-Editing IPO
IPO$128.7M IPO
Scribe Therapeutics Soars In Rare Gene-Editing IPO
Scribe Therapeutics priced an upsized $128.7 million IPO and surged in its Nasdaq debut, a rare early-stage listing for a gene-editing biotech in a market that has favored de-risked, later-stage companies.
Moonshot Preps IPO Under Cloud of US Theft Accusation
IPO
Moonshot Preps IPO Under Cloud of US Theft Accusation
Moonshot AI is advancing its own IPO preparations even as the White House publicly accuses it of covertly distilling Anthropic's model to build its viral open-weight Kimi K3, a claim Moonshot disputes and researchers say lacks public evidence.
The IPO Pipeline's Quality Gap Is Widening Fast
IPO
The IPO Pipeline's Quality Gap Is Widening Fast
A $2.1 trillion IPO pipeline and 44.5% average first-day gains sit alongside Avalanche Treasury's 73% crash and underwater energy IPOs, showing 'golden age' framing masks diverging quality.
China's AI Labs Race Toward A Wave Of IPOs
IPO
China's AI Labs Race Toward A Wave Of IPOs
Moonshot, DeepSeek, MiniMax and Z.ai are all pursuing or completing public listings within months of each other, a compressed wave of Chinese AI IPOs that resets how investors value the entire sector.
The Energy IPO Boom Has a Below-Issue-Price Problem
IPO
The Energy IPO Boom Has a Below-Issue-Price Problem
Energy-sector IPOs raised a record $12.6 billion in H1 2026 chasing AI power demand, but more than 60% of newly listed names are trading below their issue price -- a gap between capital-raising momentum and aftermarket performance worth watching.
Reformation Files for NYSE IPO Off 20 Growth Quarters
IPOup to $1B target valuation
Reformation Files for NYSE IPO Off 20 Growth Quarters
Sustainable womenswear brand Reformation filed an amended S-1 for a proposed NYSE listing under ticker REF, off 20 straight quarters of double-digit growth, targeting up to a $1 billion valuation.
Moonshot, DeepSeek Both Race Toward IPOs After Kimi Shock
IPO
Moonshot, DeepSeek Both Race Toward IPOs After Kimi Shock
Moonshot AI is preparing a Hong Kong listing within six months and DeepSeek is targeting Shanghai's STAR Market by Q2 2027, as China's AI labs race toward public markets after Kimi K3's shock.
Tech IPO Pipeline Swells to $2.1 Trillion, Forge Says
IPO$2.1T Pipeline
Tech IPO Pipeline Swells to $2.1 Trillion, Forge Says
Forge's tech IPO pipeline tracker now carries a cumulative $2.1 trillion in valuation across companies with announced plans or filings -- even as SpaceX and Csquare both trade below or near their debut levels.
Barclays Declares a 'Golden Age' for Tech IPOs
IPO
Barclays Declares a 'Golden Age' for Tech IPOs
Barclays' head of TMT equity capital markets called the current market a 'golden age' for tech IPOs, citing overlapping boom cycles across AI, power infrastructure, robotics, defense tech and space with capacity to absorb far more listings.
Three New SPACs File to Raise $500M+ in a Single Week
IPO$500M+ combined
Three New SPACs File to Raise $500M+ in a Single Week
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.
TECfusions to Go Public in $4B SPAC Deal for AI Data Centers
IPO$4B SPAC merger
TECfusions to Go Public in $4B SPAC Deal for AI Data Centers
TECfusions, which converts former industrial sites into AI-ready data centers, agreed to go public via a $4 billion SPAC merger with Apex Treasury Corp, part of a wave of energy-and-infrastructure listings chasing AI power demand.
Shein Wins Hong Kong Listing Nod, Eyes Up to $50B IPO
IPO$40B-$50B Target
Shein Wins Hong Kong Listing Nod, Eyes Up to $50B IPO
Shein secured approval from Hong Kong's listing committee for an IPO after already winning Chinese regulatory clearance, setting up a high-stakes debut as soon as September at a valuation of up to $50 billion.
After SpaceX's $2T Debut, Investors Chase the 'Magnificent Three'
IPO>$200B combined liquidity
After SpaceX's $2T Debut, Investors Chase the 'Magnificent Three'
SpaceX's mega-IPO pushed its valuation above $2.7 trillion and record retail trading volume, fueling investor appetite for Anthropic and OpenAI's prospective listings -- a trio investors are now calling the 'Magnificent Three.'
Starfighters Space Amends IPO Filing as Space Sector Heats Up
IPO~$17.5M PIPE raise
Starfighters Space Amends IPO Filing as Space Sector Heats Up
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.
After SpaceX's $2T Debut, Investors Eye Anthropic and OpenAI
IPO
After SpaceX's $2T Debut, Investors Eye Anthropic and OpenAI
With SpaceX trading as a roughly $2 trillion public company, market strategists are now mapping out how retail and institutional investors could get exposure to the next trillion-dollar AI IPO candidates, Anthropic and OpenAI.
China's CXMT Prices Record $8.5B Shanghai Chip IPO
IPO~$8.5B raised
China's CXMT Prices Record $8.5B Shanghai Chip IPO
China's DRAM champion ChangXin Memory Technologies priced an $8.5 billion IPO on Shanghai's STAR Market, implying an $85 billion valuation and becoming the venue's second-largest listing ever, with trading set to begin July 27.
Avalanche Treasury Warns It May Not Survive After 73% Crash
IPO-73% since debut
Avalanche Treasury Warns It May Not Survive After 73% Crash
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.
US Biotech Axiom Chooses Hong Kong Listing Over Wall Street
IPO
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.
Goldman Sachs Launches Private Markets Platform for Rich Investors
IPO
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.
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.
Super Micro Surges 15% on New Order Tied to SpaceX
IPO
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.
SpaceX Sets Earnings Date That Triggers First Big Share Unlock
IPO
SpaceX Sets Earnings Date That Triggers First Big Share Unlock
SpaceX snapped a seven-day losing streak and set an earnings date that coincides with its first major post-IPO share-lockup expiration, a milestone that historically pressures newly public stocks as insiders become free to sell.
OpenAI Adds Two Bank CEOs to Board Ahead of IPO
IPO$852B Reported Valuation
OpenAI Adds Two Bank CEOs to Board Ahead of IPO
OpenAI named Nubank CEO David Velez and BNY CEO Robin Vince to its board, with Vince chairing the audit committee, as the company advances toward an IPO off a reported $852 billion valuation.
SpaceX's First Earnings Date Triggers a Massive Share Unlock
IPOUp to 911.5M shares
SpaceX's First Earnings Date Triggers a Massive Share Unlock
SpaceX set August 4 for its first quarterly earnings report as a public company, triggering an initial share-unlock window that could release up to 20% of restricted insider holdings starting August 6.
Ionic Digital Pivots From Bitcoin Mining to List on Nasdaq
IPO$2.0B implied valuation
Ionic Digital Pivots From Bitcoin Mining to List on Nasdaq
Ionic Digital, born from Celsius Mining's bankruptcy, will direct list on Nasdaq July 28 at a potential $2 billion valuation, repositioning from bitcoin mining to AI and high-performance-computing infrastructure.
Goldman Sachs Builds Private Markets Platform to Chase the Next SpaceX
IPO
Goldman Sachs Builds Private Markets Platform to Chase the Next SpaceX
Goldman Sachs launched a new alternative investments platform giving wealthy clients direct stakes in individual private companies rather than broad funds, as investors clamor for pre-IPO access to names like SpaceX and Stripe.
OpenAI Adds Nubank, BNY CEOs to Board Ahead of Potential IPO
IPO
OpenAI Adds Nubank, BNY CEOs to Board Ahead of Potential IPO
OpenAI appointed Nubank CEO David Vélez and BNY CEO Robin Vince to its board, adding deep public-markets and financial-services experience as the company builds governance infrastructure suited to a future as a public company.
B&R Technology Merger Prices $325M SPAC for AI Bets
IPO$325M SPAC IPO
B&R Technology Merger Prices $325M SPAC for AI Bets
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.
Anthropic's IPO Roadshow Begins as Bankers Line Up Investors
IPO$965B target valuation
Anthropic's IPO Roadshow Begins as Bankers Line Up Investors
Banks leading Anthropic's IPO have begun scheduling investor meetings, the opening stage of a roadshow that typically precedes a listing by four to eight weeks, keeping the company on track for a possible October Nasdaq debut.
Hyperliquid Strategies Amends IPO Filing as Crypto Treasury Race Heats Up
IPO
Hyperliquid Strategies Amends IPO Filing as Crypto Treasury Race Heats Up
Hyperliquid Strategies filed an amended S-1, continuing its push toward a public listing as a crypto treasury company built around the Hyperliquid exchange token, joining a wave of digital-asset treasury vehicles racing to go public.
Six IPOs Priced Today. Here's What the Window Really Looks Like
IPO6 pricings in one day
Six IPOs Priced Today. Here's What the Window Really Looks Like
Six companies priced IPOs on July 20 alone -- from Jersey Mike's $7.9B consumer offering to Csquare's data-center debut -- the clearest evidence yet that 2026's IPO reopening extends well past AI-branded listings.
General Fusion's Debut Sets a Precedent for Hard-Tech IPOs
IPO$150M starting cash
General Fusion's Debut Sets a Precedent for Hard-Tech IPOs
General Fusion became the first publicly traded pure-play fusion energy company on July 13, a milestone landing as private fusion funding surges to $4.5 billion over the past year.
DeepSeek's STAR Market Path: A $71B Test for China's AI IPOs
IPO$71B pre-money talks
DeepSeek's STAR Market Path: A $71B Test for China's AI IPOs
DeepSeek is in talks to raise at a $71 billion pre-money valuation ahead of a targeted Shanghai STAR Market listing, weeks after its first-ever outside funding round -- a test case for how China's AI IPO pipeline prices against US frontier labs.
Anthropic's October Test: Can It Avoid OpenAI's Delay?
IPO$965B private valuation
Anthropic's October Test: Can It Avoid OpenAI's Delay?
Anthropic is targeting an October 2026 Nasdaq listing at a $965 billion valuation with Goldman Sachs and Morgan Stanley leading -- racing to go public first now that OpenAI has pushed its own IPO target from fall 2026 to 2027.
SpaceX Is Down 39% From Its Post-IPO High. Now What?
IPO-39% from post-IPO high
SpaceX Is Down 39% From Its Post-IPO High. Now What?
SpaceX went public at a $1.77 trillion valuation in the largest IPO ever, peaked above $225, and now trades close to 39% below that high near its original $135 offering price.
Jersey Mike's Launches IPO Roadshow at Up to $7.9B
IPOUp to $1.09B raise
Jersey Mike's Launches IPO Roadshow at Up to $7.9B
Jersey Mike's kicked off its IPO roadshow targeting up to a $7.94 billion valuation, offering 43.5 million shares at $21-25 apiece to raise as much as $1.09 billion in one of the largest consumer-brand listings of the year.
Why 2026's IPO Class Is Splitting Into Two Tapes
IPO
Why 2026's IPO Class Is Splitting Into Two Tapes
Mega-cap AI-infrastructure listings are trading like risk assets -- SpaceX down 42% from its post-IPO peak, Csquare pricing below range -- while a wave of micro-cap biotech S-1s from NuvOx and Valion Bio moves ahead on its own clinical calendar, unaffected.
China's Moonshot Plans Hong Kong IPO Within Six Months After Kimi K3 Shock
IPO$30B+ target valuation
China's Moonshot Plans Hong Kong IPO Within Six Months After Kimi K3 Shock
Moonshot AI has told investors it plans to list in Hong Kong within six months at a valuation above $30 billion, accelerating its IPO timeline after Kimi K3 -- a 2.8-trillion-parameter open-weight model -- matched frontier US labs and briefly wiped hundreds.
CXMT's $8.6B Shanghai IPO Draws 500x Institutional Demand
IPO$8.6B IPO / ~$87B cap
CXMT's $8.6B Shanghai IPO Draws 500x Institutional Demand
China's largest DRAM maker CXMT priced an $8.6 billion Shanghai STAR Market IPO -- Asia's biggest listing of 2026 -- with institutional demand of roughly 500 times the shares on offer, though oversubscription ran lower than recent Chinese tech IPOs amid a.
Databricks' $188B Mark Tests the Private-Public Gap
IPO$188B private mark
Databricks' $188B Mark Tests the Private-Public Gap
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.
What SpaceX's 105x Multiple Means for the IPO Pipeline
IPO~105x implied multiple
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.
Wall Street's $800 SpaceX Target Meets a 42% Crash
IPO$225 median target
Wall Street's $800 SpaceX Target Meets a 42% Crash
Eighteen banks issued SpaceX targets as high as $800, but the stock has fallen ~42% from its post-IPO peak and now trades near its $135 offer price, a gap that looks like herd behavior, not analysis.
Valion Bio Files S-1, Joins July's Biotech IPO Wave
IPO
Valion Bio Files S-1, Joins July's Biotech IPO Wave
Valion Bio filed a preliminary prospectus for common stock, pre-funded warrants and common warrants, the latest in a cluster of biotech S-1 filings reaching the SEC in mid-July even as tech-sector IPO sentiment cooled.
NuvOx Therapeutics Files S-1 for Nasdaq Listing
IPO
NuvOx Therapeutics Files S-1 for Nasdaq Listing
Tucson-based NuvOx Therapeutics filed an S-1 with the SEC, joining a wave of small biopharma companies testing public-market appetite even as broader tech and AI-infrastructure equities had a rough week.