The IPOX® Update 5/9/2026

U.S.

Blackstone Digital Infrastructure Trust Targets $1.7 Billion+ NYSE IPO for Data Centers

Blackstone Digital Infrastructure Trust is aiming to raise slightly more than $1.7 billion in a U.S. IPO to acquire newly built data centers. The vehicle plans to list on the NYSE under the symbol BXDC, benefiting from strong investor demand for AI-linked infrastructure. IPOX® CEO Josef Schuster said momentum in AI- and energy-related deal flow has helped support sentiment toward new U.S. listings. (Source)

Cerebras Systems Targets Up to $26.62 Billion Valuation in U.S. IPO

Cerebras Systems, an AI chip company, is targeting a valuation of up to $26.62 billion in its U.S. IPO amid strong demand for AI infrastructure and advanced semiconductor listings. IPOX® Research Associate Lukas Muehlbauer commented on Cerebras’ positioning against Nvidia and its importance as a signal deal for high-growth AI infrastructure IPOs. He also noted that companies may seek to complete offerings before a potential major SpaceX IPO draws investor attention and capital. (Source)

Odyssey Therapeutics Reaches Nearly $900 Million Valuation in Nasdaq Debut

Odyssey Therapeutics, a biotechnology company, reached a valuation of nearly $900 million after its shares rose in their Nasdaq debut. IPOX® Research Associate Lukas Muehlbauer said the deal suggests the biotech IPO window has reopened after a weak 2025. He added that founder Dr. Gary D. Glick’s biotech track record may add to investor interest, especially in a market where M&A remains an important exit route for newly listed companies. (Source)

Quantinuum Files for Nasdaq IPO as Quantum Computing Demand Builds

Quantinuum, a Honeywell-backed quantum computing company, has filed for a U.S. IPO and plans to list on Nasdaq under the symbol QNT. Reuters reported that the company posted higher revenue but a wider net loss as it remains in early commercial growth. IPOX® CEO Josef Schuster said pursuing an IPO is often the preferred route for raising capital, even for high-risk quantum companies, given the open U.S. IPO window and strong investor interest in quantum-linked stocks. (Source)

Lime Files for Nasdaq IPO as Revenue Growth Tests Profitability Path

Lime, the micromobility company, has filed for a U.S. IPO and plans to list on Nasdaq under the symbol LIME. IPOX® Research Associate Lukas Muehlbauer said the filing reflects both a better IPO market and a stronger company profile than in prior years. He cautioned that Lime remains loss-making, meaning investors will focus on whether strong revenue growth can translate into more consistent profitability. (Source)

Applied Aerospace & Defense Files for NYSE IPO Amid Strong U.S. IPO Recovery

Applied Aerospace & Defense, a defense hardware provider, has filed for a U.S. IPO and plans to list on the NYSE under the symbol AADX. Reuters reported that the company posted a 24.8% revenue increase in 2025 and narrowed its net loss. IPOX® CEO Josef Schuster said the U.S. IPO market is in its strongest condition since the late 1990s, supported by strong post-IPO returns and broad investor reception for new deals. (Source)

Apollo-Owned Tenneco Taps Banks for Potential IPO

Tenneco Inc., the auto supplier owned by Apollo Global Management, has selected banks to lead a potential IPO as Apollo explores ways to monetize the business. The company could go public in full or only list part of its operations while keeping another unit private. No IPO size, valuation, timing, or exchange has been disclosed, and deliberations remain ongoing. (Source)

Europe

Barnes & Noble and Waterstones London IPO Could Value Group Above £3 Billion

Elliott Investment Management has selected banks to lead a combined London IPO of Barnes & Noble Inc. and Waterstones Booksellers Ltd.. The listing could value the combined book retail group at more than £3 billion, or about $4 billion. Goldman Sachs and JPMorgan have been lined up to arrange the offering, with Morgan Stanley and UBS also selected to help run the deal and Rothschild & Co. acting as financial adviser. (Source)

Dangote Cement Plans London Listing With 10% Stake Sale

Dangote Cement, controlled by Aliko Dangote, is planning a listing on the London Stock Exchange as part of a move to attract international investors. The plan includes selling about 10% of the cement company’s shares to outside investors. No valuation, underwriters, or precise timing details were disclosed in the provided report. (Source)

Asia-Pacific

Syngenta Weighs Hong Kong IPO at Potential $50 Billion Valuation

Syngenta, the Swiss seeds and agrochemicals company owned by Chinese state-owned group Sinochem, is reportedly considering a Hong Kong IPO in the second half of 2026. Handelsblatt reported that the company could be valued at about $50 billion in the listing. The IPO is reportedly being planned for September or October on the Hong Kong Stock Exchange. (Source)

Baidu’s Kunlunxin Targets $14.7 Billion Valuation in Hong Kong IPO Plan

Kunlunxin, Baidu’s AI chip unit, is planning IPOs on Shanghai’s STAR Board and in Hong Kong. The company is reportedly seeking a valuation of at least 100 billion yuan, or about $14.7 billion, for its Hong Kong IPO. The listing plans come as China seeks to develop domestic semiconductor champions amid U.S. restrictions on advanced chips. (Source)

Three-Circle Seeks Up to $1 Billion in Hong Kong Listing

Chaozhou Three-Circle Group, a Shenzhen-listed maker of small ceramic components used in phones, cars, data centers, and telecom equipment, is seeking to raise up to $1 billion in a Hong Kong listing. The company is awaiting approval from the China Securities Regulatory Commission, with the deal potentially launching as early as the end of June after clearance. China Galaxy International is the sole sponsor of the transaction. (Source)

Goldman-Backed Go Targets $1.3 Billion Valuation in Tokyo IPO

Go Inc., a taxi-hailing app operator backed by Goldman Sachs, is targeting a valuation of about ¥200 billion, or roughly $1.3 billion, in a Tokyo IPO. The offering could raise as much as ¥90 billion, with the company potentially announcing the IPO as soon as next week. Go is aiming to list in mid-June, though final size and structure remain subject to change. (Source)

Sany Heavy Considers $500 Million Hong Kong IPO for Electric Vehicle Unit

Sany Heavy Industry is considering a Hong Kong IPO for its electric vehicle unit. The proposed listing could raise about $500 million, according to the report. No specific timing, valuation, or underwriter details were disclosed. (Source)

SkinKandy Books Close Early Ahead of Australian IPO

SkinKandy, an Australian piercing specialist with more than 100 stores across Australia and New Zealand, is moving toward an IPO with institutional books closing early. The offering could raise up to A$149 million and value the company at up to A$251 million at the top of the price range. The company is expected to list on May 25, with Barrenjoey and Morgans acting as joint lead managers. (Source)

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