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Track the companies most likely to IPO next — before Wall Street catches up.

Follow IPO readiness signals across the world's most valuable private companies, including OpenAI, Stripe, Databricks, Anthropic, Revolut and other leading IPO candidates.

Tracking $1.8T+ in private company value across 50+ late-stage IPO candidates, updated weekly.

IPO Readiness Index

Updated May 2026
  • 1OpenAIConfidential Filing Reported
    94
  • 2StripeIPO Candidate
    88
  • 3DatabricksIPO Candidate
    84
  • 4AnthropicIPO Preparing
    83
  • 5RevolutIPO Candidate
    79
View full rankings →

Ranking reflects estimated IPO readiness based on recent market reports, private-market activity and expected listing timelines. Not investment advice.

This Week in Pre-IPO Markets

Updated 2 days ago · Refreshed weeklyView full rankings →
OpenAI +9confidential IPO filing reported
Anthropic +5preparing public debut
Stripe +3secondary market activity increases
Databricks +4valuation milestones reached
Klarna +1IPO discussions continue

Market context · 2026

Why Pre-IPO Opportunities Are Reopening

After a multi-year slowdown, conditions across private markets are shifting. Four structural signals are driving renewed IPO activity.

IPO backlog moving forward

Companies that delayed listings during 2022–2024 are re-engaging with bankers and refiling.

Stabilising valuations

Down-rounds are slowing, with secondary-market pricing recovering across the top tracked names.

Renewed late-stage funding (Series E+)

Late-stage round frequency and ticket size are climbing — typically a 6–18 month leading indicator.

Strong AI and fintech narratives

Investor demand is concentrated in AI/data and fintech recovery stories, supporting valuations.

We help you stay informed on private market IPOs before the headlines hit.

Pre Market Watch tracks private market activity so you don't have to. Get curated alerts on major IPO candidates — including valuation changes, funding rounds, IPO timing signals, and investor sentiment.

Methodology

How We Identify IPO Opportunities

Secondary market pricing

Forge, EquityZen, Hiive, and other private marketplaces.

Late-stage funding rounds

Series D+ frequency, size, and lead investors.

IPO filings and listing signals

S-1 drafts, prospectus activity, and exec changes.

Investor sentiment and media coverage

Analyst commentary, fund positioning, press attention.

Updated weekly using private market signals. Directional insights only — not financial advice.

Predictive credibility

Pre-IPO Alerts That Moved the Needle

June 12, 2026

SpaceX Completes Landmark Public Listing

SpaceX IPO: Aerospace Giant Debuts in Largest Listing on Record

Status: IPO launched June 2026 — debuted as the largest public listing in market history at a reported valuation near $1.5T.

SpaceX, the vertically integrated aerospace and Starlink satellite internet leader, completed its long-anticipated public listing. The debut marks one of the most consequential IPOs in modern market history, ending years of speculation tracked across PremarketWatch's IPO Readiness Index.

July 31, 2025

Figma Rockets 158% in Blowout NYSE Debut

Figma IPO: Design Software Darling Opens at $85 After $33 Pricing

Status: IPO launched July 31, 2025 at $33/share → opened near $85 (+158%). Raised $1.2B on NYSE under ticker FIG.

Figma, the collaborative design platform used by millions of product teams worldwide, delivered one of the strongest tech IPO debuts of 2025. After Adobe's $20B acquisition was blocked by regulators, Figma chose the public markets — and investors responded with overwhelming demand.

June 5, 2025

Circle Soars 168% in Historic Stablecoin IPO

Circle IPO: USDC Issuer Doubles on NYSE Debut

Status: IPO launched June 5, 2025 at $31/share → opened at $69 (+168%). Raised ~$1.05B on NYSE under ticker CRCL.

Circle Internet Group, issuer of the USDC stablecoin, became the first pure-play stablecoin company to go public in the U.S. The blockbuster debut signals strong institutional appetite for regulated crypto infrastructure.

March 28, 2025

CoreWeave Lands Biggest Tech IPO Since 2021

CoreWeave IPO: AI Hyperscaler Raises $1.5B on Nasdaq

Status: IPO launched March 28, 2025 at $40/share → opened at $39. Listed on Nasdaq under ticker CRWV. Valued at ~$23B.

CoreWeave, the NVIDIA-backed AI cloud infrastructure provider, raised $1.5B in the largest U.S. tech IPO since UiPath's 2021 debut. The listing validates investor demand for pure-play AI infrastructure at scale.

June 12, 2025

Chime Climbs in Long-Awaited Nasdaq Debut

Chime IPO: Neobank Pioneer Opens at $43 After $27 Pricing

Status: IPO launched June 12, 2025 at $27/share → opened at $43 (+59%). Listed on Nasdaq under ticker CHYM. Valued at ~$11.6B.

Chime, the leading U.S. consumer neobank, finally went public after years of private-market delays. The fintech pioneer serves millions of customers and represents a major milestone for digital banking on public markets.

May 14, 2025

eToro Surges on Nasdaq Trading Debut

eToro IPO: Social Trading Platform Pops ~30% on Debut

Status: IPO launched May 14, 2025 at $52/share → surged ~30% on debut. Listed on Nasdaq under ticker ETOR. Valued at ~$5.6B.

eToro, the Israel-based social trading and crypto brokerage platform, completed its IPO after shelving a prior SPAC plan. The successful debut signals renewed market appetite for fintech and crypto-adjacent listings.

April 17, 2024

Ibotta IPO — Adtech Meets Consumer Cashback

Ibotta IPO Alert: Cashback Pioneer Set to Debut on NYSE

Status: IPO launched April 18, 2024 at $88/share → opened at $117 (+33%).

Ibotta, the cashback rewards platform, has filed for its NYSE IPO under the ticker IBTA. Backed by Walmart and Koch Disruptive Technologies, the company seeks a valuation near $2.7B amid surging consumer engagement and AI-powered ad targeting.

March 19, 2024

Astera Labs to Debut in AI-Driven Data Boom

Astera Labs IPO: Riding the AI Infrastructure Wave

Status: IPO launched March 20, 2024 at $36/share → surged to $62 on debut (+72%).

Astera Labs, a fabless semiconductor firm enabling cloud and AI infrastructure, is going public on the Nasdaq. Backed by Intel Capital and Sutter Hill Ventures, the company is targeting a valuation of $4.5B.

February 22, 2024

Reddit Prepares Long-Awaited IPO

Reddit IPO Confirmed: Social Giant Files for $6.5B Listing

Status: IPO launched March 21, 2024 at $34/share → closed first day at $50 (+48%).

Reddit is moving forward with its NYSE listing under ticker RDDT. The platform has over 70M daily users and aims to raise $750M.

August 28, 2023

ARM Holdings Returns to the Public Market

Arm IPO: SoftBank's Crown Jewel Set for NASDAQ Debut

Status: IPO launched September 14, 2023 at $51/share → surged to $63.59 on debut (+24.7%).

Arm, the chip design giant behind most of the world's smartphones, is going public again with a valuation near $54B. Major tech companies including Apple, NVIDIA, and Google are reported to be anchor investors.

October 18, 2021

Rivian IPO Incoming

Rivian Set to Rival Tesla in Biggest EV IPO Yet

Status: IPO launched November 10, 2021 at $78/share → rose to $172/share within 5 days.

Amazon- and Ford-backed electric truck maker Rivian has filed to go public, with an expected valuation of $70–80B.

August 25, 2020

Snowflake Pre-IPO Watch

Snowflake Could Be the Next Big Cloud IPO

Status: IPO launched September 16, 2020 at $120/share → surged to $253/share on debut.

Cloud data platform Snowflake has filed to go public. Backed by Warren Buffett's Berkshire Hathaway, the company is targeting a valuation of up to $30B.

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5 score changes this week · Updated weekly

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