The IPOX® Update 3/27/2026

U.S.

SpaceX Targets Massive $75 Billion IPO with Expanded Retail Offering

Aerospace giant SpaceX is preparing for an unprecedented initial public offering that could raise up to $75 billion at a staggering valuation of $1.75 trillion. To leverage his loyal fan base, Elon Musk plans to allocate 20% to 30% of the shares to retail investors, utilizing Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley for distribution. The potential listing, heavily anticipated by prediction markets for later this year, may feature a dual-class share structure to maintain Musk's control as the company integrates further with X, Starlink, and xAI. (Source 1) (Source 2) (Source 3)

Anthropic Eyes Blockbuster $60 Billion Public Debut as Soon as Fourth Quarter

Artificial intelligence startup Anthropic is currently engaged in discussions to go public as early as the fourth quarter of this year. The highly anticipated offering is expected to be massive, with projections indicating the firm could raise more than $60 billion. Market watchers suggest the listing timeline might align closely with October, capitalizing on the intense investor appetite for advanced computing and AI ventures. (Source)

SK Hynix Files Confidentially for Jumbo U.S. Listing Worth Up to $14.4 Billion

South Korean memory chip giant SK Hynix has confidentially filed for a U.S. IPO aiming to raise between $6.7 billion and $14.4 billion in the second half of 2026. The massive capital raise, supported by its status as a key Nvidia supplier, is earmarked to finance AI chip production and a new $4 billion facility in the United States. Despite facing some domestic criticism over potential shareholder dilution, the company is moving forward with issuing new shares for what would be the largest U.S. listing by a South Korean firm. (Source)

Grifols Approves U.S. Listing for Biopharma Unit to Raise Up to $5 Billion

Spanish pharmaceutical company Grifols has officially approved a U.S. initial public offering for its American biopharma business, aiming to raise up to $5 billion. The strategic move is designed to reduce debt and strengthen the balance sheet while allowing the parent company to retain majority ownership and its primary Spanish listing. The announcement drove the firm's shares up nearly 9%, reflecting strong investor support for the value crystallization of a unit that accounts for 86% of total sales. (Source 1) (Source 2)

Amazon-Backed X-Energy Files for $1 Billion Nasdaq Listing Amid Nuclear Renaissance

Nuclear power developer X-Energy, which recently secured substantial backing from Amazon and Jane Street, has filed for a $1 billion IPO on the Nasdaq under the ticker symbol 'XE'. The company aims to fund its pipeline of small modular reactors, which are critical for meeting the surging power demands of AI data centers through partnerships with firms like Talen Energy, Dow Chemical, and Centrica. A large consortium of underwriters, including JP Morgan, Morgan Stanley, Jefferies, Moelis, Cantor Fitzgerald, Guggenheim, Nomura, and TD Securities, is guiding the transaction as the market experiences a renewed interest in clean energy infrastructure. (Source)

Health Ring Maker Oura Interviews Banks for Potential 2026 Public Offering

Wearable technology firm Oura, best known for its health-tracking rings, is reportedly interviewing banks to orchestrate a public market debut as soon as this year. Following a highly successful $900 million funding round last fall that pushed its valuation to roughly $11 billion, the company is looking to capitalize on its momentum. According to recent data, Oura has secured upwards of $2 billion in total funding to date, positioning it as a major upcoming contender in the digital health sector. (Source)

Drone Contractor AEVEX Seeks $259 Million in NYSE Debut Driven by Defense Spending

Military drone supplier AEVEX, backed by private equity firm Madison Dearborn, has filed for a New York Stock Exchange IPO aiming to raise at least $259 million for debt repayment. The offering, slated for mid-April and guided by banks like Goldman Sachs, Bank of America, and Jefferies, highlights the robust market demand for military contractors supplying the U.S. Department of Defense. Commenting on the favorable listing environment, IPOX® CEO Josef Schuster noted: "The IPO window for defense-related firms is wide open... Defense is generational growth." (Source 1) (Source 2)

HMH Holding Launches $231 Million Nasdaq IPO as Energy Sector Gains Momentum

Oil and gas equipment manufacturer HMH Holding, formed as a joint venture between Baker Hughes and Akastor, has launched a $231 million Nasdaq IPO targeting a $1 billion enterprise value. Pricing is scheduled for the end of March 2026, with major banks including JP Morgan, Piper Sandler, and Evercore underwriting the issuance amidst a backdrop of soaring global crude prices. Analyzing the deal, IPOX® CEO Josef Schuster provided commentary noting that "while the broader IPO landscape is a highly price-sensitive buyer's market, it remains exceptionally receptive to companies within the defense and energy sectors." (Source 1) (Source 2)

Canadian Oil Producer New West Explores U.S. Listing to Finance Computing Pivot

Canadian energy firm New West is reportedly weighing a U.S. initial public offering to fund an unconventional strategic shift. The traditional oil and gas producer aims to use the public market proceeds to pivot its operations toward advanced computing initiatives. While the exact size and timeline remain undisclosed, the potential cross-border listing reflects growing industry trends to integrate high-tech capabilities into the energy sector. (Source)

Europe

Swiss Aviation Caterer Gategroup Evaluates Return to Public Markets

Air transport catering giant Gategroup is actively considering an initial public offering to accelerate its global growth initiatives. The company, which previously traded on the SIX Swiss Exchange before an acquisition by HNA Group, reported robust 2025 revenues of 5.61 billion euros alongside 467 million euros in EBITDA. While no final decision has been formalized, a listing would bring a major provider of aviation food and retail services back to the equities market. (Source)

First Central Group Ltd. Taps Underwriters for Potential £1 Billion London IPO

U.K. auto insurance provider First Central Group Ltd. has appointed investment banks to prepare for a potential listing on the London Stock Exchange. The company has lined up Deutsche Bank AG, UBS Group AG, and Fenchurch Advisory Partners to navigate a share sale that could value the business at close to £1 billion. Although underwriters are actively engaged, final decisions on the offering's size and launch timing have yet to be confirmed by the firm. (Source)

Asia-Pacific

Agricultural Drone Innovator Guangzhou Xaircraft Technology Files for $200 Million Hong Kong Listing

Chinese agricultural drone manufacturer Guangzhou Xaircraft Technology has officially filed for an initial public offering in Hong Kong, targeting up to $200 million in capital. The company, significantly backed by the SoftBank Vision Fund and Chengwei Capital, enters the public markets with strong momentum after reporting a 91% surge in its 2025 net profit to Rmb138 million. Huatai International is acting as the sole sponsor for the listing, which highlights continued investor interest in specialized robotics and agricultural technology. (Source)

MENA

Middle East Listings Face Delays as Geopolitical Tensions Disrupt IPO Pipeline

The Middle Eastern initial public offering pipeline is experiencing disruptions, with highly anticipated deals like the Dubai Holding retail spin-off and the Arabian Construction Company float delayed until after the summer due to geopolitical volatility. Despite these headwinds, several transactions are pushing forward, including Dubai Investments Park and Emirates Global Aluminium, which are targeting pre-summer debuts with backing from major banks like Citigroup, Emirates NBD, Morgan Stanley, EFG Hermes, First Abu Dhabi Bank, and Goldman Sachs. Additionally, Saudi Arabian listings such as MCG, Alromansiah, Alandalus Education, and Mutlaq Al-Ghowairi Contracting are actively preparing to launch as early as mid-April, with MCG aiming to raise up to $700 million before the traditional summer slowdown. (Source)

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