2026 is shaping up to be one of the most active IPO markets in years. After a relatively quiet 2023-2024, the window has reopened — and some of the most valuable private companies in the world are finally filing to go public.
Here's every major IPO to watch in 2026, organized by status, with real data from SEC filings and our tracking.
Companies That Have Filed (S-1 Submitted)
These companies have already filed their S-1 registration statements with the SEC. Filing is the strongest signal that an IPO is imminent — typically 3-6 months after filing.
SpaceX — targeting $1.5T+ valuation
The biggest IPO of the decade. SpaceX has confidentially filed for an IPO targeting a valuation of $1.5-1.75 trillion. Starlink drives much of the valuation with 9.2 million subscribers and $10B+ in 2025 revenue. If completed, it would be the largest IPO in history.
Discord — $15B valuation
The social platform has nearly 200 million monthly active users and has been exploring an IPO for years. With ~$995M raised and a $15B valuation, Discord is expected to be one of the year's most closely watched consumer tech IPOs.
Cerebras — $23B valuation
Cerebras builds the world's largest AI chip and has confidentially filed targeting Q2 2026, pending CFIUS regulatory clearance. The company raised funding at a $23B valuation in February 2026 and claims its chips process AI inference up to 20x faster than NVIDIA.
Kraken — $20B valuation (paused)
The major crypto exchange filed its S-1 in November 2025 and raised $800M at a $20B valuation. However, Kraken paused its IPO plans in March 2026 due to difficult market conditions and weak crypto listings. The company may revisit a listing when conditions improve.
Quantinuum — $20B+ valuation
The quantum computing company (majority owned by Honeywell) filed its S-1 in January 2026 targeting an H1 2026 IPO. Quantinuum received a $600M investment at $10B pre-money valuation in September 2025.
Companies Expected to IPO in 2026
These companies haven't filed yet but are widely expected to go public this year based on reporting and market signals.
Stripe — $159B valuation (no filing yet)
The most talked-about IPO that hasn't happened yet. Stripe processes over $1 trillion in payments annually with $14B+ revenue and hit a $159B valuation in February 2026 through an employee share sale. However, co-founders Patrick and John Collison remain "defiantly agnostic" about going public, preferring to stay private and provide liquidity through secondary sales. An IPO could happen in 2026, but there is no filing and no confirmed timeline.
Databricks — $134B valuation
The data and AI platform raised over $7B in its Series L at a $134B valuation, making it one of the most valuable private companies in the world. Databricks crossed a $5.4B revenue run-rate growing 65%+ year-over-year. CEO Ali Ghodsi has said going public is "not a question of if but when" and hasn't ruled out 2026. The company also secured $1.8B in additional debt in January 2026, a common pre-IPO move.
Anthropic — $380B valuation
The AI company behind Claude closed a $30B Series G in February 2026 at a $380B post-money valuation — the second-largest private financing round in tech history. Revenue has grown over 10x annually for three consecutive years, reaching a $14B run-rate. Reports suggest Anthropic is considering an IPO as early as Q4 2026 and could raise up to $60B, though the company has not confirmed any timeline.
Anduril — $8.5B valuation
The defense technology company founded by Palmer Luckey has raised ~$2.3B. Anduril builds autonomous systems for national security and has been growing rapidly with government contracts.
Fanatics — $31B valuation
The sports e-commerce and betting giant has raised ~$1.6B at a $31B valuation. Fanatics has expanded from licensed merchandise into sports betting and trading cards, creating multiple potential IPO candidates.
Deel — $12B valuation
The global HR and payroll platform has raised $679M at a $12B valuation. Deel has grown rapidly by helping companies hire and pay employees anywhere in the world.
More Expected IPOs
- Genesys — Customer experience tech, $21B valuation target, filed in 2024 but delayed
- Gong — Sales intelligence, $7.25B valuation, $584M raised
- Arctic Wolf — Cybersecurity, $4.3B valuation
- Cohesity — Data management, $3.7B valuation
- Flock Safety — Public safety tech, $3.5B valuation
- Automation Anywhere — RPA, $6.8B valuation
- Gopuff — On-demand delivery, $8.9B valuation
Browse all expected IPOs on our IPO tracker.
IPO Activity So Far in 2026
Here's what's already happened this year:
- EquipmentShare (EQPT) priced at $24.50 on January 22, raising $747M on Nasdaq
- HMH Holding (HMH) priced at $20.00 on April 1, raising $210.4M
- Strava was acquired by Garmin for $2.1B in April 2026, cancelling its planned IPO
- Kraken paused its IPO plans in March 2026 due to market conditions
- Multiple SPACs have priced including ACP Holdings ($200M), Brookline Capital ($100M), and KPET Ultra Paceline ($200M)
The pace is picking up as we enter Q2 — historically the strongest quarter for IPO activity.
By Sector: Where the IPOs Are Coming From
The 2026 IPO class is heavily weighted toward a few sectors:
AI & Computing — SpaceX ($1.5T+ valuation), Anthropic ($380B), Databricks ($134B), and Cerebras ($23B) represent a massive wave of AI-adjacent companies. This sector alone could account for trillions in new public market value.
Fintech — Stripe and Deel are among the most anticipated fintech IPOs, though Stripe has yet to file. Kraken paused its plans due to market conditions. Browse all fintech IPOs.
Cybersecurity — Arctic Wolf, Cato Networks, and others are expected to list. See all cybersecurity IPOs.
Defense Tech — Anduril leads a wave of defense technology companies going public. See all defense tech IPOs.
How to Stay Updated
The IPO calendar changes constantly — companies file, dates shift, and new S-1s appear. We track all of this automatically:
- See recently filed S-1s for the latest filings
- Browse by industry or location
- View all recent IPOs that have already priced
We also send daily email and SMS alerts to subscribers so you never miss a filing or pricing.