The IPOX® Update 2/7/2026

U.S.

Nvidia CEO Confirms Plan to Invest in OpenAI's $100 Billion Round

Nvidia CEO Jensen Huang has confirmed the chipmaker's intention to participate in OpenAI's upcoming fundraising round, which is expected to value the AI startup at approximately $100 billion. Huang described the investment as "huge" and signaled Nvidia's desire to be involved in OpenAI's eventual IPO, reinforcing ties between the two industry leaders. The move comes despite reports that OpenAI is exploring alternative chip suppliers to reduce reliance on Nvidia's hardware. (Source)

Forgent Power Debuts with $8 Billion Valuation on AI Infrastructure Demand

Electrical equipment maker Forgent Power successfully completed its IPO on the NYSE, securing an $8 billion valuation driven by surging demand for data center infrastructure. IPOX® Research Associate Lukas Muehlbauer noted that the midpoint pricing signals "healthy but disciplined investor demand," emphasizing the firm's "strategic value as a critical infrastructure provider." He further highlighted that the listing offers investors unique exposure to the AI sector that is distinct from traditional software or hardware plays. (Source)

York Space Systems Valued at $4.75 Billion in NYSE Debut

Denver-based satellite manufacturer York Space Systems raised $629 million in its NYSE IPO, achieving a valuation of $4.75 billion on bets of sustained Pentagon spending. IPOX® Research Associate Lukas Muehlbauer commented that the listing "suggests that the market is open for new defense and space stocks in 2026, which is especially relevant for the planned SpaceX listing." However, he warned that until software sales grow, "the stock price will likely see more volatility based on government spending news." (Source)

Liftoff Mobile Postpones IPO Amid AI-Triggered Software Selloff

Ad tech firm Liftoff Mobile has postponed its Nasdaq IPO, citing adverse market conditions following a sharp selloff in software stocks triggered by Anthropic's new AI tools. The Blackstone-backed company had targeted a valuation of up to $6.6 billion but chose to delay as peers like AppLovin and Unity saw double-digit declines. Management reaffirmed plans to list in the future once sector volatility stabilizes. (Source)

KKR Prepares Beauty Giant Wella for $4.3 Billion IPO

Private equity firm KKR is preparing Wella Company for a U.S. IPO as soon as this year, aiming for a valuation significantly above its $4.3 billion acquisition price. KKR has engaged Goldman Sachs and Bank of America to lead the potential listing of the hair and beauty portfolio, which includes brands like Clairol and ghd. Minority owner Coty stands to receive 45% of proceeds after KKR's preferred returns are met. (Source)

Agomab Therapeutics Slips in Nasdaq Debut Amid Selective Market

Belgian biotech Agomab Therapeutics listed on the Nasdaq with a $716 million valuation, but shares fell 8% on their first day of trading. IPOX® Research Associate Lukas Muehlbauer observed that while the "window for drugmakers remains open, it is effectively closed for software firms," highlighting a divergence in risk appetite. The listing reflects ongoing investor caution toward clinical-stage companies despite a broader sector rebound. (Source)

Nasdaq Proposes 'Fast Entry' Rule for Blockbuster IPOs

The Nasdaq has proposed a new rule to allow massive IPOs to join its benchmark indexes, such as the Nasdaq 100, within just 15 trading days. The initiative is designed to capture anticipated mega-listings like SpaceX and Anthropic by waiving standard seasoning requirements. This change aims to ensure the index immediately reflects the impact of the largest new market entrants. (Source)

Bending Spoons Appoints Banks for $1 Billion U.S. Listing

Italian tech conglomerate Bending Spoons has selected underwriters for a U.S. IPO that aims to raise approximately $1 billion. The company, known for acquiring and optimizing apps like Evernote, is targeting a listing in late 2026 or early 2027. This move will test U.S. investor appetite for European tech consolidators with aggressive M&A strategies. (Source)

Europe

Visma Delays €19 Billion London IPO on Software Volatility

Norwegian software giant Visma has postponed its planned €19 billion London IPO to late 2026 due to the global selloff in software stocks. The Hg-backed firm paused the listing amid fears that generative AI tools from Anthropic and others could disrupt its professional services business model. A successful float would have been one of London's largest listings in recent years. (Source)

Nvidia-Backed Nscale Taps Banks for IPO Prep

British AI infrastructure provider Nscale Global Holdings has hired Goldman Sachs and JPMorgan to prepare for an IPO that could value the firm at over $3 billion. Backed by Nvidia, the company recently raised $1.1 billion to build out data centers for clients like Microsoft. The listing is tentatively planned for the second half of 2026. (Source)

Spanish Engineering Firm TSK Plans Spring IPO

Family-owned engineering group TSK has hired Banco Santander, Caixabank, and Banca March for a spring IPO targeting a valuation of roughly €500 million. The company aims to raise up to €200 million in primary capital to fuel its growth toward €1 billion in annual revenue. The founding Garcia Vallina family intends to retain a majority stake post-listing. (Source)

Renewables Developer Ignis Eyes €1 Billion Valuation in Potential Float

Spanish energy firm Ignis has engaged Citigroup to explore a potential IPO that could value the renewables developer at over €1 billion. The company is considering a dual-track process that may involve a private stake sale to funds as an alternative to a public listing. Madrid is the preferred exchange if the IPO proceeds. (Source)

Asia-Pacific

Syngenta Targets $10 Billion Hong Kong IPO

Agricultural giant Syngenta Group is targeting a Hong Kong IPO to raise up to $10 billion, potentially the city's largest since 2019. The Sinochem-owned company has met with banks including UBS and CICC after pivoting from a planned Shanghai listing. Proceeds from the sale of up to 20% of the company would be used for debt reduction and growth. (Source)

Sunway Healthcare Launches $800 Million Malaysian IPO

Hospital operator Sunway Healthcare is set to launch an $800 million IPO on the Bursa Malaysia in late February. The deal involves the sale of nearly 2 billion shares to fund the construction of three new hospitals, expanding capacity to 3,400 beds by 2032. Jefferies and UBS are among the joint coordinators for the offering. (Source)

Chinese Drone Maker United Aircraft Plans Overseas Expansion IPO

Drone manufacturer United Aircraft is planning an IPO in Hong Kong or mainland China to fund its goal of generating 30% of revenue from overseas markets. The company, which raised over 3 billion yuan in 2023, expects drone deliveries to more than triple in 2026. Management is targeting growth in the Middle East and Southeast Asia to diversify its revenue base. (Source)

Thai Unicorn Line Man Wongnai Weighs US or HK Listing

Thai food delivery platform Line Man Wongnai is exploring an IPO in Hong Kong or New York to secure a higher valuation than available domestically. The GIC-backed startup is seeking to tap into deeper pools of international capital due to a sluggish Thai market. A final decision on the listing venue is expected by mid-year. (Source)

Singapore Exchange Reports Record Profit as IPO Pipeline Triples

The Singapore Exchange (SGX) reported a record half-year profit, bolstered by an IPO pipeline that has tripled in size compared to the prior year. The exchange attracted 15 new equity listings in the last six months, leading Southeast Asia in capital raising activity. This growth follows regulatory reforms designed to attract high-growth regional companies. (Source)

MENA

Kuwait's Trolley Launches Rare $175 Million Retail IPO

Convenience store operator Trolley is launching a $175 million IPO on the Kuwaiti stock exchange, targeting a 30% free float. Advised by EFG Hermes, the listing seeks to capitalize on a 14% year-to-date rally in the local market. The company operates over 200 stores and plans to use its public profile to support expansion into Saudi Arabia. (Source)

Disclaimer: News summaries may contain mistakes. The information does not constitute financial advice, endorsement or recommendation and should not be considered as such.