IPO Watchlist

Pre-IPO · Upcoming · Recently Listed

Last updated May 27, 2026
Curated by BanterIQ
● IPO'D THIS YEAR
Cerebras Systems
CBRS·AI Chips
IPO'D · May 14, 2026
Valuation Journey
Sep '25
$8.1B
Feb '26
$23B
IPO
$95B
Now
IPO Price
$185
52W High
$311
Current

AI chip challenger to NVIDIA using wafer-scale processors. Largest US tech IPO since Uber. Revenue up 76% YoY to $510M with a $24.6B backlog.

Xanadu Quantum
XNDU·Quantum Computing
IPO'D · Mar 27, 2026
Valuation Journey
Bear
$3B
Bull
$8B
Listed
~$10
Now
IPO Price
$10
52W High
$42.44
Current

First pure-play photonic quantum computing company. Toronto-based. $302M raised at listing. Revenue up 188% YoY — cash-rich, pre-profit.

◆ CONFIRMED WINDOW
SpaceX
June 2026
Aerospace & Defense
$800B$2T

Largest private company in the world. Starlink generating recurring revenue. Plans to allow share resales pre-lockup.

Anthropic
Q4 2026
Foundation Models
$350B

Claude developer and OpenAI's primary rival. Backed by Google and Amazon. Internal target: break even by 2028.

OpenAI
Late 2026
Foundation Models
$830B

ChatGPT creator and AI market leader. Most anticipated IPO of the decade. Restructured to for-profit in 2025.

○ TBD
Stripe
Payments
$106B

CEO signalled no rush to IPO as of Jan 2026. Payments infrastructure for the internet. Consistently profitable.

Databricks
Data & AI Platform
$134B

Draft S-1 filed Feb 2026. Data and AI lakehouse platform. Direct Snowflake competitor with strong enterprise traction.

Anduril
Defense Tech
$30B

Palmer Luckey's AI-native defence company. Palantir competitor building autonomous weapons systems and platforms.

Canva
2027
AI / SaaS
$42B

In full AI overhaul as of Apr 2026. 200M+ users globally. Profitable with no urgency — IPO on their terms.

Strava
Consumer Tech
$2.2B

Draft S-1 submitted Feb 2026. 150M+ athletes. Subscription-led fitness tracking platform.

Cohere
TBD 2026
On-Prem AI
$7B

Enterprise-focused LLM platform. Canadian. Targets companies that need on-premise AI — direct competitor to OpenAI's API.