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IPO pipeline

Pre-IPO private mega-caps (Yahoo .PVT) and upcoming US listings from the NASDAQ calendar.

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Recently completed IPOs (1)

Company Ticker Exchange Valuation IPO date
SpaceX SPCX NASDAQ $1.5T 2026-06-12

Private valuations

Pre-IPO private companies (18)

Anthropic$965.0B

Artificial Intelligence

Round: Series H-1Date: 2026-05-28Rounds: 10Staff: 1,001

Anthropic is an AI research firm, focusing on enhancing the safety and functionality of AI systems. The company's expertise extends across various domains, including natural language processing, human feedback and code generation. Their fla

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OpenAI$894.3B

Artificial Intelligence

Round: Series C-NVDate: 2026-03-31Rounds: 7Staff: 1,001

OpenAI is an AI research and deployment company, with a mission to ensure that artificial general intelligence benefits all of humanity.

Website ↗
Databricks$201.6B

Data and Analytics

Round: Series L-2Date: 2026-08-13Rounds: 14Staff: 10,001

Databricks is a software platform that aims to help its customers unify their analytics by managing, processing, and analyzing large-scale data efficiently. The company's platform offers customers a lakehouse architecture that combines the

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Stripe$184.4B

Financial Services

Round: Tender Offer 3Date: 2026-02-24Rounds: 13Staff: 5,001

Stripe is a global technology company which provides a financial infrastructure platform intended to accept payments and grow revenue. Its core product Stripe Payments, provides online payment solutions for companies of all sizes. The compa

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Anduril Industries$115.4B

Government and Military

Round: Series HDate: 2026-05-13Rounds: 10Staff: 5,001

Anduril Industries is a military technology company that develops and produces autonomous systems, drones, and AI-powered platforms for military and border security applications. Powered by their proprietary AI software platform, Anduril cl

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Fanatics$23.1B

Commerce and Shopping

Round: Private Equity Round 3Date: 2022-12-06Rounds: 10Staff: 10,001

Fanatics is a e-commerce platform specializing in licensed sports merchandise, offering a diverse array of products including jerseys, apparel, memorabilia, and accessories for fans of different sports teams and leagues. They collaborate wi

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Figma$17.8B

Software

Round: Series EDate: 2021-06-23Rounds: 6Staff: 1,001

Figma is a professional-grade, online tool created specifically for interface design. Built entirely in the browser, Figma provides a range of features for designing, prototyping, and collaborating on digital projects in real-time. Figma's

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Chime$11.4B

Financial Services

Round: Series GDate: 2021-08-13Rounds: 9Staff: 1,001

{"delta":"{\"ops\":[{\"insert\":\"Chime is an online bank that \"},{\"attributes\":{\"link\":\"https://www.chime.com/about-us/\"},\"insert\":\"provides\"},{\"insert\":\" checking and savings accounts to consumers. The company provides its b

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Strava$2.2B

Apps

Round: Series F-1Date: 2025-05-22Rounds: 7Staff: 251

Strava is a social network and mobile app that aims to connect athletes of a wide variety of sports and fitness activities. Athletes primarily use the app to track and analyze their workouts via GPS data. Users are given the flexibility to

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Automation Anywhere$1.5B

Data and Analytics

Round: Series BDate: 2019-11-21Rounds: 3Staff: 1,001

Automation Anywhere is the developer of an AI-powered Process Automation Platform which claims to provide end-to-end solutions to efficiently implement business process automation. The company's Automation Platform offers features such as g

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Epirus$1.1B

Government and Military

Round: Series DDate: 2025-03-04Rounds: 5Staff: 251

Epirus designs and builds electronic warfare and air domain awareness tools, including high-powered microwave products for the defense and commercial sectors. The company is a developer of software-defined electromagnetic pulse (EMP) techno

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Apollo.io$547.0M

Sales and Marketing

Round: Series DDate: 2023-08-29Rounds: 5Staff: 501

Apollo.io is a go-to-market (GTM) platform that provides sales and marketing teams with a B2B database of contacts and companies, combined with tools for prospecting, data enrichment, and automating outreach. The company states its mission

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Lime—

Mobility / Transport

Round: —Date: —Rounds: —Staff: —
Plaid—

Fintech

Round: —Date: —Rounds: —Staff: —
Discord—

Social / Communication

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Groq—

AI Hardware

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Canva—

Software

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Cohere—

Artificial Intelligence

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Upcoming & filed IPOs (72)

Company Ticker Exchange Price Valuation / deal Expected Status
Fitness Fanatics Ltd FIT UNKNOWN — $48.3M — filed
Gores Holdings XI, Inc. GHXIU UNKNOWN — $358.8M — filed
BirchBioMed Inc. BRBM UNKNOWN — — — filed
SIYATA PTT PTT UNKNOWN — — — filed
Luminous Acquisition LUMIU UNKNOWN — $120.8M — filed
Jingrui Wang Pu Holdings Group Ltd. JRWP UNKNOWN — $43.1M — filed
ADARx Pharmaceuticals, Inc. ADRX UNKNOWN — $427.7M — filed
Oura Inc. OURA UNKNOWN — $2.5B — filed
Silentium Ltd. SIAI UNKNOWN — $19.8M — filed
Bending Spoons S.p.A. BSP UNKNOWN — $100.0M — filed
Sinda Ltd. SIND UNKNOWN — $100.0M — filed
MSAV Holdings Ltd MSAV UNKNOWN — $34.5M — filed
ITG, Inc./DE/ ITG UNKNOWN — $100.0M — filed
Iambic Therapeutics, Inc. IAM UNKNOWN — $100.0M — filed
Sprout Red International Ltd FYH UNKNOWN — $1.0M — filed
Retension Pharmaceuticals, Inc. RTSN UNKNOWN — $57.5M — filed
TRex Bio, Inc. TRXB UNKNOWN — $100.0M — filed
Santa Ana Global Enterprises, S.A. STNF UNKNOWN — $19.9M — filed
NSCALE Ltd NSCL UNKNOWN — $100.0M — filed
VME Companies, Inc. VME UNKNOWN — $30.0M — filed
Lower Cross Acquisitions Corp LCACU UNKNOWN — $230.0M — filed
Oceanhawk Acquisition II Corp. OHIIU UNKNOWN — $172.5M — filed
Hao Feng Group Ltd. HFE UNKNOWN — $29.4M — filed
Elevation Acquisition Group Inc. ELEVU UNKNOWN — $115.0M — filed
Rothe Development, Inc. RDEV UNKNOWN — $50.0M — filed
Accelevation Holdings Corp. ACCV UNKNOWN — $828.0M — filed
LiPower New Energy Holdings Ltd LPNE UNKNOWN — $34.5M — filed
SB Energy, Inc. SBE UNKNOWN — $100.0M — filed
Norient Acquisition NORTU UNKNOWN — $120.8M — filed
CopperTech Metals Inc. CUX UNKNOWN — $100.0M — filed
GigCapital10 Corp. GIAU UNKNOWN — $253.0M — filed
Gores Holdings XII, Inc. GDOZU UNKNOWN — $358.8M — filed
Tailored Brands, Inc. / DE MENW UNKNOWN — $100.0M — filed
Timwood Holdings Ltd TIWD UNKNOWN — $38.6M — filed
HUALINK TECH INC HLNK UNKNOWN — — — filed
Vogenx, Inc. VOGX UNKNOWN — $75.0M — filed
TracX Logis Pte. Ltd. TRCX UNKNOWN — $22.0M — filed
K2 Capital Acquisition II Corp. KIIU UNKNOWN — $172.5M — filed
Bluerock Crunch Investment Corp. BRRKU UNKNOWN — $172.5M — filed
Lyntris Inc. LYNX UNKNOWN — $100.0M — filed
NuvOx Therapeutics, Inc. NUOX UNKNOWN — $26.3M — filed
Latigo Biotherapeutics, Inc. LTGO UNKNOWN — $100.0M — filed
BlossomHill Therapeutics, Inc. BLSM UNKNOWN — $100.0M — filed
Churchill Capital Corp XIII XIIIU UNKNOWN — $345.0M — filed
Braveheart Bio, Inc. BRVE UNKNOWN — $100.0M — filed
Attovia Therapeutics, Inc. ATTO UNKNOWN — $100.0M — filed
YPF Energia Electrica S.A. YLUZ UNKNOWN — $100.0M — filed
Holtec Nuclear Corp HNUC UNKNOWN — $100.0M — filed
Apnimed, Inc. APMD UNKNOWN — $184.0M — filed
Sin Lian Seng Construction ININ UNKNOWN — $35.9M — filed
Chilwa Minerals Ltd CHWM UNKNOWN — $5.8M — filed
Southern Cross Acquisition II Corp. SCATU UNKNOWN — $115.0M — filed
Syntiant Corp. SYTN UNKNOWN — $100.0M — filed
B&R Technology Merger Corp. BRTMU UNKNOWN — $325.0M — filed
Scribe Therapeutics, Inc. SCTX UNKNOWN — $128.7M — filed
Londian Wason New Energy Tech Inc. FOIL UNKNOWN — $100.0M — filed
Jersey Mike's Subs Inc. JMKE UNKNOWN — $1.2B — filed
Cumberland Farms Ltd CMBY UNKNOWN — $100.0M — filed
Dear Industrial Gas Inc KFDE UNKNOWN — $25.0M — filed
Genneia S.A. GENN UNKNOWN — $100.0M — filed
Asia AI Group Inc ASAG UNKNOWN — $50.0M — filed
Bogd FT Ltd BOGD UNKNOWN — $43.1M — filed
GLGHK Ltd GLG UNKNOWN — $40.2M — filed
Pelican Acquisition II Corp PLCIU UNKNOWN — $86.2M — filed
Cartesian Growth Corp IV CGCFU UNKNOWN — $287.5M — filed
Research Alliance Corp IV RACD UNKNOWN — $75.0M — filed
Aggreko Inc. AGKO UNKNOWN — $100.0M — filed
Bitari Inc BIAI UNKNOWN — $34.5M — filed
CoVolt Power, Inc. KVLT UNKNOWN — $100.0M — filed
D. Boral ARC Acquisition III Corp. CLMZU UNKNOWN — $120.8M — filed
Orion180 Insurance Group Inc. OIG UNKNOWN — $100.0M — filed
BANG MAI FANG HOLDINGS BMF UNKNOWN — $34.5M — filed

IPO performance

Recent IPOs sized by market cap, coloured by performance since listing.

143

Total IPOs

-0.8%

Avg performance

$2.7T

Total market cap

NCEW

Best performer

+393.2%

Performance treemap

How to read this treemap
Colour = performance since IPO (red negative · green positive)
Size = market cap · Hierarchy: region → country → sector → ticker

Return distribution

Sector performance

🚀 Top performers

Ticker Company Country Sector Perf. Mkt cap
NCEW New Century Logistics (BVI) Ltd United States Industrials +393.2% $63.1M
ADUR ADURO CLEAN TECHNOLOGIES INC. United States Industrials +234.1% $496.8M
WLACU Willow Lane Acquisition Corp. United States Financial Services +183.8% —
PLRZ Polyrizon Ltd. United States Healthcare +154.1% $20.8M
SEPN Septerna, Inc. United States Healthcare +99.7% $1.6B
JMG JM Group Ltd United States Consumer Cyclical +65.3% $134.3M
AVR Anteris Technologies Global Corp. United States Healthcare +52.5% $890.7M
ASPCU ASPAC III Acquisition Corp. United States Financial Services +15.0% —
TDACU Translational Development Acquisition Corp. United States Financial Services +15.0% —
DRDBU Roman DBDR Acquisition Corp. II United States Financial Services +14.9% $306.4M

📉 Worst performers

Ticker Company Country Sector Perf. Mkt cap
NTCL NetClass Technology Inc United States Technology -94.7% $15.9M
ZSPC zSpace, Inc. United States Technology -94.4% $1.3M
JUNS JUPITER NEUROSCIENCES, INC. United States Healthcare -94.0% $10.4M
NAMI Jinxin Technology Holding Co United States Communication Services -93.6% $20.1M
CGTL Creative Global Technology Holdings Ltd United States Consumer Cyclical -89.9% $10.4M
GRO Brazil Potash Corp. United States Basic Materials -85.3% $135.5M
YAAS Youxin Technology Ltd United States Technology -79.8% $20.7M
MSW Ming Shing Group Holdings Ltd United States Industrials -77.3% $16.2M
GELS Gelteq Ltd United States Healthcare -75.2% $10.6M
HIT Health In Tech, Inc. United States Technology -73.2% $70.1M
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