IPO

Amazon-backed nuclear reactor developer X-Energy begins trading on Nasdaq under ticker XE. IPO priced above $16-19 range on strong institutional demand.

Military drone maker AEVEX jumps 35% in NYSE debut after raising $320 million, capitalizing on surging defense spending and unmanned systems demand.

Madison Air Solutions raised $2.23 billion in its NYSE debut, the biggest US industrial listing in nearly three decades.

Defense and energy companies led the rebound as IPO proceeds hit $44 billion. SaaS firms struggled with seven of the top ten deals trading below issue price.

Elon Musk's SpaceX confidentially filed for the largest IPO in history, targeting a June listing that would eclipse Saudi Aramco's record.

Rocket Lab, Intuitive Machines, and space peers rallied after reports that SpaceX will file IPO paperwork with the SEC as early as this week.

Drone software company Swarmer closed at $31 after pricing at $5, marking the largest first-day gain for a U.S. IPO in nearly a year.

The gaming and chat platform filed confidentially in January and aims to debut this month. Valuation estimates range from $15B to $25B.

SoftBank-backed digital wallet PayPay begins trading on Nasdaq at $16 per share, raising $880M in the biggest US listing by a Japanese company since 2014.

Four drug companies went public this week raising nearly $1 billion combined, led by Eikon Therapeutics' $381M offering — the largest biotech IPO since 2024.

IPO activity accelerates with Public Policy Holding Company among notable debuts. 2026 pipeline signals potential AI-led mega wave ahead.

Space company targets $1.5 trillion valuation in what could be the largest public offering ever. Starlink spin-off plans shelved.

2026 could see largest venture-backed listings ever at combined $2.5 trillion valuation. Historical data shows 49% average losses three years out.

With 9 million subscribers and projected $22B revenue, Starlink appears ready for a 2026 IPO. But several factors could still push the timeline.

Shanghai Biren Technology's $717 million Hong Kong IPO draws massive investor demand as Chinese AI chipmakers race to challenge NVIDIA's dominance.

Kunlunxin, Baidu's AI chip subsidiary, has confidentially filed for a Hong Kong listing as China's tech sector seeks to capitalize on AI momentum.

Indian companies raised the highest annual total ever in 2025, surpassing 100 mainboard IPOs for the first time since 2007 as domestic investors power the boom.

Elon Musk confirmed SpaceX will go public in 2026, giving investors access to the Starlink satellite internet business that now serves 8 million customers.

Medical supplies giant Medline raised $6.26 billion in the largest U.S. IPO since Rivian's 2021 offering, with shares jumping 41% on debut.