It is common for American and European companies, especially the most innovative ones, to go public when they reach a certain stage of development. Some of these future IPOs generate as much curiosity as anticipation among those who want to invest in the stock market at the time of the debut.
In this article, we reveal the five most anticipated IPOs for 2026, to help you keep a discerning eye on these new investment opportunities. These companies have already proven their potential and could well become the future stars of the stock market. Let us discover the IPOs not to miss in 2026.
Is the environment finally favorable to IPOs in 2026?
On the question of whether the environment is finally favorable to IPOs in 2026, macroeconomic and financial indicators converge toward a scenario markedly more favorable than in 2024 and 2025.
In the United States, the decline in interest rates started by the Fed (with the policy rate now around 3.75%) is a key factor. Indeed, lower rates reduce the cost of capital and increase the theoretical valuation of future cash flows, which makes IPOs more attractive for both companies and investors.
In Europe, signals are not as strong, but they are becoming more encouraging. After relatively modest IPO activity in 2024 and 2025, several analysts note that a pipeline of large listings is forming for 2026, with sizable companies ready to join the London, Paris or Frankfurt markets if macroeconomic and geopolitical conditions remain stable.
In the rest of the world, particularly in Asia-Pacific and the Middle East, conditions could also be favorable. Asia-Pacific markets, buoyed by IPO dynamism already observed in 2025, could capitalize on local growth prospects and on monetary policies that remain accommodative in several key countries.
The 5 IPOs to Watch in 2026
We have selected five American companies’ IPOs, which are among the most promising listings for 2026. Now let’s look at the key points to remember for each of these potential IPOs.
IPO OpenAI
Founded in 2015, OpenAI quickly established itself as a key player in artificial intelligence. The American company, based in San Francisco, is notably known for ChatGPT, today widely used by the general public as well as by companies. More broadly, OpenAI develops AI models intended for numerous professional uses, from software development to content creation.
On the financial side, OpenAI relies largely on Microsoft, which has invested substantial sums in the company in recent years. These financings have supported rapid growth but also covered high costs tied to infrastructure and computing power. According to market estimates, OpenAI’s valuation would now exceed 80 billion dollars.
Regarding a potential OpenAI IPO, nothing is decided at this stage. An OpenAI IPO in 2026 is sometimes discussed, but management remains prudent. Sam Altman, OpenAI’s CEO, has recalled that the priority remains the robustness of the business model, implying that a market entry would depend primarily on market conditions.
The Café de la Bourse View:
Even though an OpenAI IPO would still be in the rumor stage, the company’s exceptional growth and ChatGPT’s popularity with the general public would, if it happens, make it one of the most-followed and potentially most successful IPOs of 2026.
IPO SpaceX
Founded in 2002 by Elon Musk, SpaceX has established itself as a major player in the space sector. The American company, based in Texas, is behind the Falcon 9 launchers, the Crew Dragon capsule, and the Starship program, with the stated ambition of drastically reducing the cost of accessing space. SpaceX is also very active in telecommunications via Starlink, its satellite constellation dedicated to high-speed internet.
On the financial side, SpaceX remains a private company but benefits from regular private funding and substantial public contracts, notably with NASA and the U.S. Department of Defense. The various fundraising rounds in recent years value the company SpaceX at more than 180 billion dollars, according to the latest market estimates, making SpaceX one of the most valuable unlisted companies in the world.
Regarding a possible IPO, the parent company SpaceX does not seem in a rush. Elon Musk has several times indicated that a SpaceX IPO is not a short-term priority.
The Café de la Bourse View:
An IPO of SpaceX could generate strong interest, notably due to the absence of a comparable publicly traded player. If the company’s notoriety works in its favor, the highly polarizing personality of Elon Musk could attract some investors while deterring others.
IPO BitGo
Founded in 2013, BitGo is an American company specialized in security and custody of digital assets. Based in California, the company provides custody, management, and infrastructure solutions for institutional players in the crypto sector, such as investment funds, crypto exchange platforms, and financial enterprises. BitGo has gradually established itself as a key intermediary in the digital asset ecosystem.
On the financial side, BitGo has conducted several rounds of funding over the years, notably from funds focused on fintechs and blockchain. The company has also strengthened its position with the development of regulated custody services, in a context of increasing professionalization of the crypto market. According to available estimates, BitGo’s valuation would be around 1.5 to 2 billion dollars.
Regarding a possible BitGo IPO, the topic regularly comes up. BitGo had already considered entering the public markets in the past, without materializing. A BitGo IPO in 2026 remains a plausible hypothesis, especially if market conditions stay favorable.
The Café de la Bourse View:
A BitGo IPO would probably not be a very retail-focused one, the company being mostly known to institutional players. However, its positioning in digital asset custody could generate strong interest from professional investors.
IPO Databricks
Founded in 2013 by the creators of Apache Spark, the American Databricks quickly established itself as a reference player in the data and AI world. Based in San Francisco, the company offers an all-in-one cloud platform, designed to simplify the processing and analysis of large volumes of data, whether structured or unstructured.
Databricks enables centralization and facilitation of the development of machine learning and artificial intelligence applications, today becoming strategic for many sectors.
Late 2025, Databricks carried out a new funding round (Series L) of about $4 billion, bringing the valuation of Databricks to nearly $134 billion. This operation illustrates investors’ sustained interest and strengthens the prospect of a future IPO.
Regarding its IPO, Databricks adopts a prudent strategy. If an IPO is contemplated in 2026, Ali Ghodsi, co-founder and CEO of Databricks, takes a cautious stance. He notes that the timing of a potential IPO will depend above all on public market conditions, notably the level of volatility, investor appetite for tech stocks, and the global macroeconomic environment.
The Café de la Bourse View:
If the Databricks IPO materializes, it seems likely to be a success given the company’s explosive growth and the sector in which it operates (AI), even if Databricks’ already sky-high valuation could raise questions among some investors.
IPO Kraken
Founded in 2011, Kraken is one of the oldest cryptocurrency exchange platforms still in operation. Based in the United States, the company has gradually established itself as a major player in the sector, both among individuals and more experienced investors. Kraken offers a wide range of services, from crypto trading to staking, including solutions for institutional clients.
On the financial side, Kraken has long prioritized self-financing, while carrying out a few targeted fundraising rounds. Market estimates place Kraken’s valuation around 10 to 15 billion dollars, depending on market conditions and the assumptions used.
Regarding a possible IPO, Kraken has never ruled out the option. A Kraken IPO has been regularly discussed for several years, and the 2026 horizon is often cited as a possible window, provided that the regulatory environment and financial markets remain favorable to crypto players.
The Café de la Bourse View:
Unlike BitGo, a Kraken IPO would have a strong consumer-facing dimension. Very well known among retail investors, Kraken’s crypto platform IPO could attract a large portion of the crypto sphere, especially if market conditions remain favorable.
Review of IPOs in 2025
Key IPO figures in 2025
1,259 IPOs worldwide, with about $163.3 billion raised, representing a significant increase in funds raised compared with 2024, even though the number of IPOs advanced only slightly.
Marked acceleration of IPO activity globally in Q3 2025, with a +19% increase in the number of deals and a +89% rise in funds raised.
IPOs in the USA in 2025
The American market established itself as the global leader in funds raised, propelled by several large IPOs (including real estate, technology or industrial deals).
Recent examples: Medline carried out the largest IPO of the year (around $6.3 billion).
There were also more modest but notable listings such as Andersen Group (about $176 million).
Klarna (NYSE – United States): the Swedish buy-now-pay-later fintech raised about $1.37 billion in its IPO.
IPOs in Europe in 2025
Europe recorded globally weaker activity in 2025 than in 2024.
Between Q1 and Q3 2025, Europe saw 72 IPOs for about $9.3 billion raised, versus 115 IPOs for $18.2 billion in 2024.
Puig Brands – major IPO in Spain, raising about €3 billion.
Galderma and CVC Capital – two major listings in Switzerland and the Netherlands, each raising around €2 billion.
In France, there were only 7 notable IPOs raising a total of €2.24 billion. The largest was Planisware (Paris) with a raise of about €241 million.
IPOs in the rest of the world in 2025
Asia-Pacific highly dynamic: with 385 IPOs and about $28.4 billion raised, surpassing other regions outside the Americas.
China / Hong Kong on top: the “Greater China” region accounted for a significant share of IPO activity in Asia, with 114 IPOs totaling about $14.7 billion in the first half of 2025.
India on a strong uptrend: India is set to deliver a record year in IPOs with about $6.7 billion raised by mid-2025.
MENA (Middle East & North Africa): in Q1 2025, 14 IPOs raised ~$2.4 billion, marking a significant year-over-year rise in the region.
To invest in an IPO, contact your stockbroker or the bank where you have already opened the best PEA or the best securities account, to indicate your desire to participate in the IPO of the company under consideration. A request to purchase shares will then be executed.
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