The IPOX® Update 2/28/2026

U.S.

SpaceX Targets Confidential U.S. IPO Filing in March, Eyeing Record $50 Billion Raise

Elon Musk's rocket and satellite company SpaceX is reportedly preparing to confidentially file for a U.S. IPO as soon as March, aiming for a record-breaking June listing. The highly anticipated share sale could raise up to $50 billion and command a staggering valuation exceeding $1.75 trillion following its recent acquisition of artificial intelligence startup xAI. SpaceX has already lined up major banks including Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley to lead the historic offering to fund its future space endeavors. (Source)

Amazon Considers $50 Billion OpenAI Investment Tied to Potential Trillion-Dollar IPO

Tech giant Amazon is reportedly planning a massive $50 billion investment in OpenAI, with $35 billion of that sum directly contingent on an IPO or achieving artificial general intelligence. This strategic funding would make Amazon the largest contributor to the ongoing fundraising efforts in the highly competitive artificial intelligence race. OpenAI is already laying the vital groundwork for a potential IPO that could value the pioneering company at up to $1 trillion. (Source)

Global Medical Response Taps Banks for $1 Billion U.S. IPO Launch

The KKR-backed emergency medical services provider Global Medical Response has officially selected banks, including JPMorgan and Bank of America, for its upcoming U.S. IPO. This highly anticipated share sale is expected to raise approximately $1 billion from institutional and retail investors. The company joins a rapidly growing list of private equity-backed firms seeking to tap public markets this year. (Source)

Hong Kong Stablecoin Firm RedotPay Prepares for Blockbuster $1 Billion New York IPO

Hong Kong-based stablecoin payments company RedotPay is preparing for a blockbuster New York IPO that could raise over $1 billion. This public market debut is projected to value the unicorn firm, which already boasts more than six million registered users, at over $4 billion. Backed by major crypto investors like Pantera Capital, this offering would rank among the largest IPOs to emerge from Asia's burgeoning stablecoin sector. (Source)

Brazilian Conglomerate Cosan Weighs IPO for Gas Unit Compass to Slash Debt

Brazilian conglomerate Cosan SA is actively considering an IPO for its gas and energy subsidiary Compass as part of a broader strategy to reduce the group's significant debt burden. The company previously attempted to float Compass in 2020 with an estimated offering size of roughly $964 million, but canceled the effort due to poor market conditions at the time. Cosan hopes this potential share sale will help offset leverage and generate much-needed cash following recent credit rating downgrades for its joint venture Raizen. (Source)

Energy Tech Startup VoltaGrid Explores IPO or Sale at $10 Billion+ Valuation

Energy technology startup VoltaGrid is exploring strategic ways to raise billions of dollars to sustain its rapid expansion, including a potential IPO or a full company sale. The firm has already engaged with financial heavyweights like Blackstone and BlackRock regarding a transaction that could command a valuation exceeding $10 billion. VoltaGrid's earnings are aggressively projected to reach $1.1 billion by 2028, fueled by major contracts with companies like Oracle to power artificial intelligence systems. (Source)

Zetrix Secures $40 Million from World Bank to Fuel Nasdaq IPO for AI Unit

Publicly traded Malaysian digital infrastructure provider Zetrix AI Bhd has successfully secured a $40 million equity injection from the World Bank's International Finance Corp. The company plans to strategically use this funding to expand digital public infrastructure access across emerging markets in Southeast Asia. Concurrently, Zetrix is actively preparing to list its specialized artificial intelligence unit on the Nasdaq exchange by the end of the year. (Source)

Keurig Dr Pepper Scraps Beverage Unit IPO in Favor of Debt for JDE Peet's Deal

Beverage giant Keurig Dr Pepper has officially dropped its partial IPO plans for its beverage unit as part of an updated financing strategy for the JDE Peet's acquisition. Instead of pursuing a public listing, the Future Global Coffee Co. will issue long-term debt to effectively cover the remaining financing needs. The broader $4.5 billion equity investment plan is co-led by Apollo and KKR, with the entire transaction expected to close in early April 2026. (Source)

Nvidia Partner DDN Appoints New CFO to Drive Multi-Billion Dollar Growth Ahead of IPO

Data hardware and software manufacturer DDN has appointed Guido Torrini as its new finance and operations chief in a strategic move ahead of a possible IPO. Torrini brings extensive experience from previous executive roles at OneTrust and Celonis, and is tasked with rapidly scaling sales to the multi-billion-dollar mark. The Nvidia partner aims to leverage this leadership change to attract new strategic investors and capture a much larger share of the surging AI computing market. (Source)

Europe

Defense Contractor Vincorion Eyes Up to €350 Million in Upcoming Frankfurt IPO

German defense components manufacturer Vincorion is gearing up to launch an all-secondary IPO on the Frankfurt stock exchange around March 5. The company aims to raise between €300 million and €350 million, buoyed by highly positive early investor feedback regarding its management and substantial order backlog. Joint coordinators for the major deal include leading financial institutions like Berenberg, BNP Paribas, and JP Morgan. (Source)

Capital Tankers Targets $345 Million in Spin-Off IPO on Oslo Exchange

Capital Maritime spin-off Capital Tankers has officially launched its IPO on the Euronext Growth Oslo exchange to raise up to $345 million. The listing implies a robust $1.4 billion valuation for the company, which boasts a growing fleet that includes 22 oil tankers currently under construction. Following the close of the offering's books on February 27, shares are formally scheduled to begin trading on March 17. (Source)

Submarine Parts Maker Gabler Group Fully Covered on First Day of €123.4 Million IPO

German submarine components manufacturer Gabler Group saw its Frankfurt IPO books fully covered on the very first day of the offering. The defense supplier is offering shares priced between €37 and €47 to raise up to €123.4 million, which will directly fund balance sheet strengthening, research, and targeted acquisitions. Public trading is formally set to commence on the Frankfurt Scale segment on March 9. (Source 1), (Source 2)

TBC Bank Weighs Spin-Off IPO for Rapidly Expanding Uzbekistan Operations

The London-listed Georgian lender TBC Bank is currently evaluating a separate IPO for its rapidly growing Uzbekistan business. CEO Vakhtang Butskhrikidze announced the potential spin-off during a strategy day in New York City as part of a broader review of long-term strategic options. While the Uzbekistan operations have been highly successful since launching in 2019, specific details regarding the exact timing and size of the IPO have not yet been disclosed. (Source)

Asia-Pacific

ByteDance-Backed Auto Platform Dongchedi Eyes $1.5 Billion Hong Kong IPO

ByteDance-backed automotive information and trading platform Dongchedi is actively considering a Hong Kong IPO later this year. The company is currently seeking to hire banks for the share sale, which is widely expected to raise between $1 billion and $1.5 billion. Following a $600 million private funding round in 2024, the standalone platform achieved an impressive valuation approaching $3 billion. (Source)

UI Boustead REIT Seeks $770 Million in Singapore's Largest Real Estate IPO Since 2025

UI Boustead REIT has officially launched its Singapore IPO, seeking up to S$1.02 billion in what will be the city-state's largest real estate listing since 2025. The trust offers a diverse portfolio of 23 logistics and industrial assets across Singapore and Japan, projecting an attractive 7.8% distribution yield. Cornerstone investors have already aggressively committed to nearly 39% of the base deal ahead of the expected March 12 trading debut. (Source)

Sunway Healthcare Launches $736 Million IPO, Marking Malaysia's Largest Since 2017

Malaysian private healthcare provider Sunway Healthcare has launched a massive $736 million IPO, marking the country's largest public listing since 2017. The offering values the prominent hospital operator at an impressive 16.7 billion MYR market capitalization across its extensive network. Shares are slated to debut on Bursa Malaysia on March 18, which will immediately boost the broader Sunway conglomerate's total listed market cap to over 70 billion MYR. (Source)

Tencent-Backed AI Startup StepFun Plans $500 Million Hong Kong IPO

Tencent-backed artificial intelligence startup StepFun is reportedly planning an IPO on the Hong Kong stock exchange in the near future. The ambitious technology company aims to raise approximately $500 million to fund its ongoing algorithmic development and market expansion. While the exact timeline remains unconfirmed by the company, this move highlights the continuing rush of major Asian AI firms seeking public market capital. (Source)

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