Upcoming IPOs
York Space Systems (Ticker: YSS US) is a U.S.-based space and defense prime specializing in proprietary satellite hardware and software for national security, government, and commercial customers. Headquartered in Denver, Colorado, the company provides low-cost satellite platforms and comprehensive solutions designed to address complex mission requirements across the space ecosystem. York Space Systems plans to list on the NYSE on January 29, 2026, following pricing scheduled for January 28.
The company intends to offer 16,000,000 shares (100% primary) at a price range of $30.00 to $34.00 per share. Through this offering, York Space Systems aims to raise approximately $512 million at the midpoint, with an upper limit of $544 million USD. At the top of this range, the company reportedly targets a valuation of up to $4.25 billion USD. Controlled by private equity firm AE Industrial Partners since a majority stake sale in 2022, the company is capitalizing on increased U.S. government demand for private space capabilities. The IPO is being managed by bookrunners including Goldman Sachs, Jefferies, and Wells Fargo.
Busy Ming Group Co., Ltd. (Ticker: 1768 HK) is a Chinese company specializing in the snack and beverage retail sector. Operating under a "value retail model," the company manages a vast network of over 19,500 stores across China, employing a dual-brand strategy with its "Busy for You" and "Super Ming" outlets to offer affordable, high-turnover products. Busy Ming plans to list on the Hong Kong Stock Exchange on January 28, 2026, offering 14.10 million shares at a marketed price range of HKD 229.60 to HKD 236.60 per share.
Through this offering, the company aims to raise approximately HKD 3.34 billion (USD 427.8 million). At the proposed pricing, Busy Ming targets a market capitalization of roughly USD 6.4 billion. The IPO is managed by joint sponsors Goldman Sachs (Asia) and Huatai Financial Holdings, with Deutsche Bank and others acting as underwriters. The listing has reportedly attracted significant backing from cornerstone investors, including Fidelity, Tencent Holdings and Temasek. Recognized as a market leader by GMV in its segment, the company generates a majority of its revenue through sales to its extensive franchise network.
Ethos Technologies (Ticker: LIFE US) is a United States-based insurance technology company specializing in “the modernization of the life insurance industry”. Headquartered in Austin, Texas, Ethos operates a "three-sided" technology platform that connects consumers, insurance agents, and carriers. The company leverages machine learning and data science to expedite the application process, aiming to eliminate traditional barriers such as medical exams. Ethos plans to list on the NASDAQ exchange on January 29, 2026, following a pricing scheduled for January 28.
The company plans to offer approximately 10.53 million shares at a marketed price range of $18.00 to $20.00 per share, targeting a total offer size of approximately $200 million USD. The offering is reportedly structured with a 49% primary component, implying that just under half of the shares are being sold by the company itself, with the remainder sold by existing shareholders. Previously valued at $2.7 billion in a 2021 private funding round, Ethos functions as a technology enabler rather than a direct insurer, providing underwriting and distribution services for third-party carriers. The IPO is managed by joint bookrunners J.P. Morgan and Goldman Sachs.
Picpay Holdings Netherlands B.V. (Ticker: PICS US) is a Netherlands-incorporated holding company operating PicPay, a leading Brazilian financial services ecosystem specializing in digital banking and payments. The company provides a comprehensive platform for over 42 million quarterly active consumers, offering solutions ranging from peer-to-peer payments and digital wallets to credit cards, insurance, and investment products. Additionally, PicPay serves over 800,000 active small and medium-sized businesses with acquiring and banking services.
The company plans to list on the NASDAQ on January 29, 2026, planning to offer 22.86 million Class A shares at a price range of $16.00 to $19.00. This IPO aims to raise approximately $400 million at the midpoint, valuing the company at a market capitalization of roughly $2.3 billion. The offering is managed by a syndicate including Citigroup, BofA Securities, and Mizuho.
Deokyang Energen (Ticker: 0001A0 KS) is a South Korean company specializing in the manufacture of pure, mixed, and other industrial gases. Headquartered in Yeosu, the company is a specialized hydrogen purification enterprise that primarily utilizes by-product hydrogen from chlor-alkali and petrochemical processes. It employs high-level purification technology to produce 99.99% high-purity industrial hydrogen, which is reportedly supplied to major domestic refineries and downstream petrochemical companies via pipeline and tube trailers.
The company plans to list on the KOSDAQ on January 30, 2026. Deokyang Energen is offering 7,500,000 shares (comprising 90.01% new share issuance and 9.99% secondary sale) with an expected price range of KRW 8,500 to KRW 10,000. At the top end of the range, the IPO would raise KRW 75.00 billion (approximately USD 51.09 million). The offering is managed by NH Investment & Securities and Mirae Asset Securities. According to company filings, the transaction includes specific lock-up agreements, including a 30-month period for the largest shareholder and a one-year period for the employee stock ownership plan.
Eastroc Beverage Group Co Ltd (Ticker: 9980 HK) is a Chinese company specializing in the non-alcoholic beverage sector, best known for its flagship functional energy brand, "Eastroc Super Drink". The company plans to list on the Hong Kong Stock Exchange on February 3, 2026. Eastroc plans to offer 40.89 million shares at a price of HKD 248.00, raising approximately HKD 10.14 billion (USD 1.30 billion).
Headquartered in China, Eastroc is a dominant player in the local energy drink market, reportedly ranking third in market share behind Red Bull and Hi-Tiger. The company is already listed on the Shanghai Stock Exchange (605499) and reportedly generated over 10 billion in revenue in 2023, reflecting a compound annual growth rate of more than 20% in revenues from 2018 to 2022. The IPO is reportedly managed by underwriters including Huatai Financial Holdings, Morgan Stanley Asia, and UBS. This listing marks a continued expansion for the group, which has reportedly solidified its position as a leading multi-category beverage manufacturer with comprehensive sustainability and production capabilities in the region.
Gon Technology (Ticker: 2768 HK) is a Chinese company specializing in the research, development, and production of new chemical materials and collagen-based health products. The company plans to list on the Hong Kong Stock Exchange on February 4, 2026. Gon Technology intends to offer 30 million shares at a price range of HKD 34.00 to HKD 42.00, aiming to raise up to HKD 1.26 billion (approximately USD 162 million). At the upper end of the price range, the company targets a market capitalization of HKD 12.65 billion (USD 1.62 billion).
Operating as a diversified supplier, Gon Technology serves industries ranging from automotive and home appliances to pharmaceuticals. The company reportedly ranks as China’s largest polystyrene enterprise by production capacity and the second-largest producer of bone gelatin. Its dual-engine business model covers green petrochemicals and organic polymer composites, alongside a health segment focused on gelatin and empty capsules. According to listing documents, Gon Technology plans to use the IPO proceeds for R&D, expanding production capacity, brand promotion, and strategic acquisitions. The offering is being managed by underwriters including China Merchants Securities, CICC, and CLSA.
Bob’s Discount Furniture, Inc. (Ticker: BOBS US) is a U.S.-domiciled, national omnichannel retailer of value home furnishings. The company operates a network of 206 showrooms across 26 states, offering a curated "Good, Better, Best" product assortment anchored by an "Everyday Low Prices" strategy. Bob’s Discount Furniture plans to list on the NYSE on Thursday, February 5, 2026. The company intends to offer 19,450,000 primary shares within a price range of $17.00 to $19.00 per share.
At the midpoint of the range, the IPO aims to raise approximately $350 million USD. The offering is led by J.P. Morgan and Morgan Stanley. Upon completion, the company will remain a "controlled company" majority-owned by Bain Capital. According to the filings, Bob’s Discount Furniture plans to use the net proceeds to prepay outstanding indebtedness under its Term Loan Facility, funds which were reportedly utilized to pay a cash dividend to stockholders in October 2025, and for general corporate purposes.
Forgent Power Solutions, Inc. (Ticker: FPS US) is a United States-based company specializing in the design and manufacture of electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities. The company focuses on engineered-to-order custom products to support demand in cloud computing, AI, and electrification. Forgent Power Solutions plans to list on the New York Stock Exchange on February 5, 2026, planning to offer 56,000,000 shares at a price range of $25.00 to $29.00 per share. The offering is expected to raise approximately $1.51 billion at the midpoint, with a maximum size of roughly $1.62 billion in USD.
According to the prospectus, Forgent Power Solutions plans to use the net proceeds from the IPO to redeem interests in an operating subsidiary held by existing equity owners controlled by Neos Partners, LP. Consequently, the company reportedly will not retain capital for general corporate operations from this transaction. The offering includes both primary shares and secondary shares sold by parent entities. Lead underwriters for the transaction include Goldman Sachs, Jefferies, and Morgan Stanley. The company reported revenue growth of 56% for the fiscal year 2025.
Once Upon a Farm, PBC (Ticker: OFRM US) is an American company specializing in the manufacturing, distribution, and marketing of fresh, organic, and nutrient-packed food products for babies and children. The company plans to list on the NYSE on February 6, 2026. The IPO involves an offering of 10,997,209 shares within a price range of $17.00 to $19.00, aiming to raise approximately $198 million USD (at the midpoint).
The deal structure comprises 7,631,537 primary shares and 3,365,672 secondary shares, indicating that proceeds will reportedly be split between the firm and existing selling shareholders. Organized as a Public Benefit Corporation, the company focuses on "farm fresh first" nutrition, offering cold-pressed pouches, frozen meals, and snacks free from added sugar and preservatives. Co-founded by John Foraker and actress Jennifer Garner, the brand utilizes an omnichannel strategy, selling through direct-to-consumer platforms and over 20,000 retail locations, including Target and Whole Foods. J.P. Morgan and Goldman Sachs are serving as joint lead bookrunners for the transaction.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement (around $100 million) or minimum deal size requirement (around $25 million). Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) may not be included. Please refer to the Legal Disclaimer.