--- title: IPO News | Latest & Upcoming IPOs | EquityZen description: Stay ahead in the IPO market. Get the latest news, insights, and analysis on upcoming public debuts and market trends. Your hub for all things IPO. image: https://blog.equityzen.com/hubfs/EZ%20IPO%20Tracker%5B76%5D.jpg --- [![EquityZen](https://blog.equityzen.com/hubfs/equityzen-logo.svg "EquityZen")](https://equityzen.com/) - [Investments](https://equityzen.com/explore/) - [Explore](https://equityzen.com/explore-private-market/) - How it Works - [Investors](https://equityzen.com/investor/) - [Shareholders](https://equityzen.com/shareholder/) - [Institutions](https://equityzen.com/institutions/) - [Issuers](https://equityzen.com/issuers/) - [Financial Advisors](https://equityzen.com/financial-advisors/) - [Insights](https://blog.equityzen.com/) - [Login](https://equityzen.com/accounts/login/) - [Sign Up](https://equityzen.com/accounts/register/) [Back to insights](https://blog.equityzen.com) [Market Views](https://blog.equityzen.com/tag/market-views) [IPO News](https://blog.equityzen.com/tag/ipo-news) # The Latest IPO News: EquityZen's IPO Tracker Written by Elannah Devin • September 18, 2026 • 12 min read ![EquityZen IPO Tracker: The Latest IPO News](https://blog.equityzen.com/hs-fs/hubfs/EZ%20IPO%20Tracker%5B76%5D.jpg?width=1318&height=736&name=EZ%20IPO%20Tracker%5B76%5D.jpg) In this article Like this article? What is an IPO? An IPO marks the transition of a [privately held company into a publicly traded entity](https://blog.equityzen.com/what-happens-when-my-pre-ipo-investment-goes-public-equityzen), allowing it to raise capital by offering shares to the public for the first time. This critical financial event is a pivotal moment in a company's lifecycle, opening the doors to a broader investor base and ushering in increased scrutiny and transparency.   Typically, only institutions and [accredited investors can invest in private companies](https://blog.equityzen.com/what-is-pre-ipo-investing). With an IPO, the general public can invest in companies. As public companies, these businesses must now disclose detailed information about their financial and business prospects, helping investors to make [informed investment decisions](https://blog.equityzen.com/how-to-research-a-private-company-on-equityzen). It is an important milestone for many companies as they look to achieve their next phase of growth.   The IPO process [involves many steps](https://blog.equityzen.com/beyond-the-bell-the-playbook-for-private-companies-preparing-to-go-public), from selecting underwriters and determining the offering price to navigating regulatory requirements. Companies opt for IPOs for various reasons, whether to fund expansion plans, pay off debt, or provide an exit strategy for early investors, especially as companies stay private longer. While there are many benefits to going public, going public comes with its own set of challenges, including heightened public scrutiny, regulatory compliance, and the need for effective communication with a much larger set of stakeholders.                                                                         The Importance of IPO News As financial enthusiasts and investors, staying abreast of the latest IPO news is not merely an option; it's a strategic imperative. We find that EquityZen investors who are keenly interested in the [innovations happening](https://blog.equityzen.com/innovating-industries-artificial-intelligence) in the private markets are eager to follow IPO news as it gives a glimpse of how future IPO candidates may perform in the public markets, an important factor when considering a private company investment. After all, IPOs often catalyze market movements.   News of a successful IPO can inject positivity into the market, driving investor confidence and potentially boosting overall stock prices. A successful IPO can encourage other private companies to also prepare for a public market debut. Conversely, a poorly received IPO or unexpected challenges faced by a newly public company can create ripples of uncertainty, affecting not only the company in question but also its industry peers and the broader market. When IPOs underperform, fewer private companies are eager to also IPO and meet a similar fate.   The frequency and success of IPOs can serve as an economic indicator. A surge in IPO activity may suggest a robust economy, reflecting a favorable environment for companies to go public. Meanwhile, a slowdown in IPOs or a string of underperforming offerings may signal economic challenges, prompting investors to adjust their portfolios accordingly or take a less risky investment approach.   Finally, IPO news offers a glimpse into industry trends and [emerging sectors](https://blog.equityzen.com/the-next-list-2025-emerging-private-companies). Tracking industry-specific IPOs allows stakeholders to assess the overall health and trajectory of particular sectors within the market, as well as informing what private companies in these industries might be worth. In total, IPO news can provide a pulse on the overall macroeconomic environment, as well as investor sentiment around certain sectors. This news can also highlight some of the innovations that will shape the future investment landscape. 2026 ### IPO Overview | **Company Name** | **Ticker** | **IPO Date** | **IPO Price** | **Price Close on First Day** | **Estimated Market Cap. at Close on First Day** | | --- | --- | --- | --- | --- | --- | | ***Completed IPO*** | | | | | | | BitGo Holdings, Inc. | BTGO | January 22, 2026 | $18/share | $18.49/share | $2.1B | | EquipmentShare.com Inc. | EQPT  | January 23, 2026  | $24.50/share  | $32.56/share  |  $7.2B | | Generate Biomedicines, Inc. | GENB  |  February 27, 2026 | $16/share  | $12.65/share  |  $1.6B | | Kailera Therapeutics, Inc. |  KLRA |  April 17, 2026 | $16/share  | $26/share  | $3.5B  | | X-Energy. Inc. |  XE |  April 24, 2026 | $23/share  | $29.20/share  | $11.5B  | | HawkEye 360, Inc. | HAWK | May 7, 2026 | $26/share | $34/share | $3.2B | | Fervo Energy Co. | FRVO | May 13, 2026 | $27/share | $36.54/share | $10.2B | | Cerebras Systems Inc. | CBRS | May 14, 2026 | $185/share | $311.07/share | $66.95B | | Quantinuum Inc. | QNT | June 6, 2026 | $60/share | $60.38/share | $15.7B | | Parabilis Medicines, Inc. | PBLS | June 10, 2026 | $20/share | $31.60/share | $3.7B | | Space Exploration Technologies Corp. | SPCX | June 12, 2026 | $135/share | $160.95/share | $2.1T | | Neutron Holdings, Inc. | LIME | July 1, 2026 | $25/share | $26.02/share | $1.73B | | Standard Nuclear, Inc. | STDN | July 16, 2026 | $15/sh | $12.40/sh | $1.99B | | ***Filed S-1*** | | | | | | | **Company Name** | **Industry** | **Date of Initial S-1 Filing** | **Exchange** | **Anticipated IPO Date** | **IPO Price** | | Lendbuzz Inc. | Financial Technology | September 12, 2025 | NASDAQ | - | - | | ***Draft Registration Statement*** | | | | | | | **Company Name** | **Industry** | **News** | | | | | Payward, Inc. (Kraken) | Digital Assets | Kraken, the cryptocurrency platform, announced that the company has submitted a [confidential draft registration statement](https://blog.kraken.com/news/draft-registration-statement-initial-public-offering)on Form S-1 with the SEC as of November 2025. | | | | | Strava, Inc. | Fitness Technology | Strava, the workout tracking network, reportedly [confidentially filed](https://www.reuters.com/business/fitness-tracking-app-strava-confidentially-files-ipo-information-reports-2026-01-08/) for an initial public offering as of January 2026. | | | | | Oura Health Oy | Fitness Technology | Oura, the health technology and fitness accessory company, announced that it [confidentially filed](https://www.businesswire.com/news/home/20260521960146/en/URA-Announces-Confidential-Submission-of-Draft-Registration-Statement-for-Proposed-Initial-Public-Offering) for an initial public offering as of May 2026. | | | | | Anthropic PBC | Artificial Intelligence | Anthropic, the artificial intelligence provider, announced that it [confidentially filed](https://www.anthropic.com/news/confidential-draft-s1-sec) for an initial public offering as of June 2026. | | | | | OpenAI Group PBC | Artificial Intelligence | OpenAI, the artificial intelligence provider, announced that it [confidentially filed](https://openai.com/index/openai-submits-confidential-s-1/) for an initial public offering as of June 2026. | | | | **Quarter 1 Review** The first quarter of 2026 was defined by a significant contrast between the massive valuation expectations for industry-leading private companies and the reality of a [cautious broader market](https://kpmg.com/us/en/articles/2026/venture-pulse-q1-2026.html). While interest in potential mega-exits dominated headlines, top-heavy enthusiasm did not revitalize the broader IPO market. Aside from BitGo’s and EquipmentShare’s [January debuts](https://finance.yahoo.com/news/bitgo-stock-plunges-below-ipo-212108281.html), new listings remained scarce as companies navigated a market landscape colored by conflict in the Middle East, a cooling sentiment toward software-as-a-service models, and underwhelming performance from 2025’s IPO cohort. Within that market environment, the primary challenge was determining whether the window offered a sustainable path to liquidity or a high-risk entry point. Across [the pipeline](https://news.crunchbase.com/public/pwc-bellin-qa-2026-ipo-timing-secondary-boom/#:~:text=That%20said%2C%20we%20do%20expect,balance%20sheets%20and%20operating%20discipline.), prospective issuers seemingly pursued [strategic delays](https://www.theinformation.com/articles/dashcam-maker-motive-delays-marketing-ipo?utm_campaign=Editorial&utm_content=Article&utm_medium=organic_social&utm_source=bluesky%2Cfacebook%2Clinkedin%2Cthreads%2Ctwitter&rc=ly55wh) to monitor ongoing market volatility, as seen in Motive Technologies holding off on S-1 amendments following its late-2025 filing. This reluctance was equally demonstrated among confidential filers, illustrated by companies like Strava holding back on formal public registrations. As Q1 concluded, the market remained in a state of high-stakes observation, waiting to see which companies would ultimately seek public offerings. **Quarter 2 Review** The IPO market in the second quarter of 2026 marked a transition from first-quarter hesitation to surging liquidity, highlighted by the public debuts of market-defining giants. Investor attention shifted from cautious observation to aggressive capital deployment, anchored by [SpaceX’s listing](https://blog.equityzen.com/spacex-biggest-shareholders-investors-equityzen), which commanded a $1.7 trillion valuation and raised a record $75 billion. This momentum propelled total Q2 proceeds to $101.43 billion across 12 VC-backed US IPOs. The IPO pipeline also saw notable movement as AI pioneers [Anthropic](https://equityzen.com/company/anthropic/) and [OpenAI](https://equityzen.com/company/openai/) both submitted [confidential S-1 filings](https://techcrunch.com/2026/06/08/following-anthropic-openai-files-confidentially-for-ipo/) in June. However, this IPO surge was concentrated among mega-cap companies like Cerebras and Quantinuum, with traditional SaaS companies largely absent amid continued selective investor underwriting. As Q2 concluded, the IPO market stood at an inflection point, with the second half of the year poised to determine if aerospace, AI infrastructure, and energy debuts could widen the window for the broader venture ecosystem. 2025 ### IPO Overview | **Company Name** | **Ticker** | **IPO Date** | **IPO Price** | **Price Close on First Day** | **Estimated Market Cap. at Close on First Day** | | --- | --- | --- | --- | --- | --- | | Wealthfront | WLTH | 12/12/2025 | $14/share | $14.19/share | $2.6B | | Navan | NAVN | 10/30/2025 | $25/share | $20/share | $4.96B | | [Netskope](https://blog.equityzen.com/netskope-path-to-ipo) | NTSK | 9/18/2025 | $19/share | $22.49/share | $8.6B | | StubHub | STUB | 9/17/2025 | $23.50/share | $22/share | $7.5B | | Figure Technology Solutions | FIGR | 9/11/2025 | $25/share | $31.11/share | $6.6B | | [Klarna](https://blog.equityzen.com/path-to-ipo-klarna) | KLAR | 9/10/2025 | $40/share | $45.82/share | $17B | | Heartflow | HTFL | 8/8/2025 | $19/share | $28.75/share | $2.6B | | [Figma, Inc.](https://blog.equityzen.com/path-to-ipo-figma) | FIG | 7/31/2025 | $33/share | $115.5/share | $47.9B | | [Chime Financial](https://blog.equityzen.com/chime-ipo-unveiling-the-largest-shareholders) | CHYM | 6/12/2025 | $27/share | $37.11/share | $11.6B | | [CoreWeave](https://blog.equityzen.com/coreweave-ipo-unveiling-the-largest-shareholders) | CRWV | 3/28/2025 | $40/share | $40/share | $14B | After a slow start to the year shaped by economic uncertainty amid changing tariff policy, a feeling of cautious optimism is building for a resurgence in the 2025 IPO market. US IPO activity through mid-June had decreased substantially year-over-year, with only [84 listings compared to 150](https://www.schwab.com/learn/story/ipo-market-starts-to-warm-after-slow-start-to-2025) during the same timeframe in 2024. As of September, there have been 168 US IPOs year-to-date, nearly surpassing the 2024 total in only the third quarter of the year.1 At first wary of the market, several companies that had delayed their IPO plans earlier in the year have now gone public in the third quarter, including big names like [Klarna](https://blog.equityzen.com/klarna-trading-debut-what-it-signals-about-the-ipo-market) and [StubHub](https://www.cnbc.com/2025/08/11/stubhub-ipo-back-on-for-september-after-company-delayed-plans-in-april.html#:~:text=StubHub%20IPO%20is%20back%20on%20for%20September,President%20Donald%20Trump's%20tariffs%20roiled%20the%20markets.). In the same quarter, IPOs raised an estimated $14.6 billion, the [largest new issuance since 2021](https://www.renaissancecapital.com/IPO-Center/News/113704/Renaissance-Capitals-3Q-2025-US-IPO-Market-Review).  This renewed momentum is fueling a [strong pipeline of companies](https://blog.equityzen.com/tech-market-ipo-opens-equityzens-bri-lynch-on-bloomberg-equityzen) eager to go public. IPOs are signaling increasing investor appetite for innovative, technology-driven companies. Companies like CoreWeave, Figma, Voyager Space, and Netskope demonstrated strong entrances to the public market. Circle Internet Group showed standout performance, delivering the [biggest two-day pop of an IPO since 1980](https://fortune.com/2025/06/10/circle-ipo-stock-price-valuation-outlook/). For companies eyeing an IPO, the path to success requires more than just going public; it demands strong brands, [profitability](https://blog.equityzen.com/2025-ipo-market-boom-growth-vs-profitability), and robust growth trajectories. With companies like BitGo and Navan having filed their S-1, investors are eager to see if momentum will continue through the last months of the year.                                      IPO Overview 2024 | **Company Name** | **Ticker** | **IPO Date** | **IPO Price** | **Price Close on First Day** | **Estimated Market Cap. at Close on First Day** | | --- | --- | --- | --- | --- | --- | | Astera Labs | ALAB | 3/20/2024 | $36/share | $62.03/share | $9.68B | | Reddit | RDDT | 3/21/2024 | $34/share | $50.44/share | $9.5B | | Ibotta | IBTA | 4/18/2024 | $88/share | $103/share | $2.81B | | Rubrik | RBRK | 4/25/2024 | $32/share | $37/share | $6.5B | | ServiceTitan | TTAN | 12/12/2024 | $71/share | $101.00/share | $8.9B | The IPO landscape is ever-evolving, shaped by economic trends, investor sentiment, and global events. After a subdued year in 2023, the IPO market in 2024 is showing signs of life, albeit cautiously. Thus far this year we’ve seen 33 US IPOs, [a 22% increase](https://stockanalysis.com/ipos/2024/) from the same period last year, suggesting that the market may be gaining momentum. Despite this, the absence of clear winners leaves some investors wary. Despite this uncertainty, the macroeconomic environment offers a promising backdrop for potential IPO candidates. Stable inflation, robust GDP growth, and low unemployment rates paint a picture of economic strength. Furthermore, with the possibility of stable interest rates and even cuts on the horizon, the stage is set for a welcoming market environment. A growing IPO pipeline indicates that many companies are eager to capitalize on these favorable conditions, with an eye toward launching before the onset of election season volatility. Projections from industry experts at [Renaissance](https://www.renaissancecapital.com/review/IPO_Outlook_2024.pdf) suggest a potential surge in IPO activity, with expectations ranging from 120 to 170 deals in 2024, potentially doubling the levels seen in 2023. Furthermore, heads of major exchanges like the NYSE and NASDAQ, are discussing the depth of their IPO pipelines, indicating a strong appetite for new listings. This sentiment is echoed by the pent-up demand for IPOs following a relatively quiet period in the market. However, the road to a successful IPO is not without its challenges. Over 1,200 Unicorn companies globally, valued at [over $3.8 trillion in aggregate](https://www.cbinsights.com/research-unicorn-companies), are waiting in the wings, seeking liquidity and growth opportunities. This demand is driven by various factors, including the expiration of options and RSUs for early employees, the need for early venture capitalists to return capital to their limited partners, and the stagnation within the growth stage financing market. Furthermore, the changing dynamics between public and private markets add another layer of complexity. The decline in the number of public companies over the past few decades, coupled with the rise of unicorns—particularly those that have not raised funds since 2021—highlights the shifting landscape of investment opportunities. So while the IPO market in 2024 holds promise, navigating its complexities requires a strategic approach. Companies must assess their readiness for public listing, considering factors such as market conditions, investor sentiment, and long-term growth prospects as they consider their public market debut. ###### Disclosure - This is for informational purposes only and is not an offer to sell nor is it a solicitation of an offer to purchase any securities. Information provided is not warranted as complete or accurate and may change without notice. Forward-looking statements are not guarantees of future results. Potential investors should not rely on these statements when making investment decisions. - Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. Join Investors and Shareholders Exploring the Private Markets Today [![Get Started](https://no-cache.hubspot.com/cta/default/20754585/8e691282-6ef2-4809-87ba-5604efc0edbe.png)](https://cta-redirect.hubspot.com/cta/redirect/20754585/8e691282-6ef2-4809-87ba-5604efc0edbe) ### Related Articles ![EquityZen IPO Outlook with Woman Rock Climber](https://blog.equityzen.com/hs-fs/hubfs/EquityZen_IPO_Outlook_2019.jpg?width=812&height=446&name=EquityZen_IPO_Outlook_2019.jpg) ##### 2019 IPO Outlook — A Bellwether Year for the New Tech Elite? 2018 was a bull year for the IPO market. Could 2019 bring new opportunities for investing in technol... Market Views 3 min read ![EquityZen’s 2025 IPO Outlook](https://blog.equityzen.com/hs-fs/hubfs/Cover%20Option%201-4.png?width=812&height=446&name=Cover%20Option%201-4.png) ##### EquityZen’s 2025 IPO Outlook IPO outlook for 2025. Cerebras Systems, Chime, & CoreWeave, are poised to capitalize on improved mar... 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