The IPOX® Update 6/6/2026

U.S.

SpaceX Prices Record $75 Billion Nasdaq IPO, Expands Japan Retail Tranche to $2.5 Billion

SpaceX has priced its planned $75 billion U.S. IPO at $135 per share, implying a valuation of about $1.75 trillion to $1.77 trillion and positioning the deal as the largest IPO globally. The company plans to list on Nasdaq and Nasdaq Texas around June 12, with the offering backed by a 23-bank underwriting syndicate led by Goldman Sachs and Morgan Stanley. SpaceX also increased the Japanese retail tranche to as much as $2.5 billion, with Mizuho Securities, Rakuten Securities and SBI Securities acting as local selling agents. Proceeds are expected to support AI compute infrastructure, launch vehicle enhancements and satellite constellation expansion, while market commentators noted the unprecedented size of the IPO could affect investor flows, single-stock volatility and broader index dynamics. (Source 1) (Source 2) (Source 3) (Source 4) (Source 5)

Anthropic Confidentially Files for U.S. IPO at Reported $965 Billion Valuation

Anthropic, the AI company behind Claude, has confidentially filed a Form S-1 with the SEC for a proposed U.S. IPO, potentially moving ahead of OpenAI in the race to public markets. The company was reported to have reached a valuation of about $965 billion after a $65 billion Series H, while its annual revenue run rate reportedly rose sharply to $47 billion. Anthropic’s IPO timing remains subject to SEC review and market conditions, but the filing is seen as a major test of investor demand for frontier AI companies and could have significant implications for benchmark indexes, capital flows and public-market AI valuations. IPOX® VP Kat Liu noted that Anthropic appears to be moving while demand for AI and growth listings remains strong, with the broader listing cycle also featuring SpaceX and OpenAI. (Source 1) (Source 2) (Source 3) (Source 4)

OpenAI Advances IPO Preparations While Altman Says Timing Is Not the Focus

OpenAI has reportedly discussed adding Citigroup and JPMorgan to its IPO banking lineup, signaling continued preparation for a potential future U.S. listing. The report did not disclose a proposed offer size, valuation or timetable, and no final bank appointments were confirmed. Separately, CEO Sam Altman said OpenAI is not focused on IPO timing and would go public when it makes sense for the company, following Anthropic’s confidential IPO filing. The updates place OpenAI among the major AI companies being watched closely by public-market investors during a potentially historic IPO cycle. (Source)

INNIO’s Upsized $2.43 Billion Nasdaq IPO Highlights AI Infrastructure Demand

INNIO, a gas engine maker tied to data-center power demand, completed an upsized $2.43 billion Nasdaq IPO. IPOX® Research Associate Lukas Muehlbauer said the backdrop is supportive for companies building the physical backbone of AI, as investors continue to reward businesses linked to reliable power supply for data centers. He also noted INNIO’s established GE heritage, while highlighting that the company will need to show equipment order growth can continue and translate into long-term service revenue. (Source)

Quantinuum’s Upsized Nasdaq IPO Targets Valuation of Up to $14.3 Billion

Quantinuum, the Honeywell-backed quantum computing company, pursued an upsized U.S. IPO targeting a valuation of up to $14.3 billion. IPOX® VP Kat Liu said the investment case centers on quantum computing’s long-term role in infrastructure, national security, AI, communications and advanced computing, while cautioning that commercial adoption remains limited. IPOX® Research Associate Lukas Muehlbauer added that the larger offering suggests strong institutional demand and reflects Quantinuum’s scarcity value as a strategic asset, though the valuation requires years of successful execution. (Source 1) (Source 2)

ERock Seeks Up to $642 Million in NYSE IPO to Power AI Data Centers

ERock is seeking to raise up to $642 million in a NYSE IPO, targeting a valuation range of about $5 billion to $6.3 billion. The company provides natural gas-powered RockBlock turbines for AI data centers and utilities, with projects and customers including Meta’s El Paso AI center, Microsoft, Entergy, H-E-B and Walmart. ERock reported trailing 12-month revenue of $190.8 million and negative EBITDA, while its contracted backlog rose to $1.28 billion; IPO proceeds are expected to repay debt and cash out shareholders. (Source)

Canada

Apotex Health Seeks Up to C$1.2 Billion in Toronto IPO

Apotex Health is seeking to raise up to C$1.2 billion through an IPO on the Toronto Stock Exchange, in a transaction that could help revive Canada’s IPO market. The company plans to offer 41.7 million to 50 million shares at a price range of C$20 to C$24 per share, including about C$850 million from new shares and C$150 million from existing shareholders. The generic-drug company, which is expanding into biosimilars, has appointed RBC, TD Securities, Scotiabank, BMO and Jefferies as joint bookrunners. (Source)

Europe

Bohus Launches Fixed-Price Oslo IPO Valuing Company at NKr3 Billion

Bohus, Norway’s largest mid-market furniture retailer, has launched an all-secondary IPO on Euronext Oslo Børs at a fixed price of NKr31 per share, valuing the company at about NKr3 billion. The deal size is expected to exceed NKr1 billion and has secured NKr500 million of cornerstone backing. ABG Sundal Collier and DNB Carnegie are joint global coordinators, with SEB acting as joint bookrunner, and pricing is expected before June 19. (Source)

Magnora Data Center Moves Toward Euronext Oslo Listing

Magnora is spinning off Magnora Data Center through a listing on Euronext Oslo Børs, raising NKr650 million at NKr13 per share. The transaction implies a pre-money valuation of NKr650 million, compared with a fair value estimate of NKr700 million to NKr1.2 billion. The company owns the Storespeed data center with 1MW of capacity and plans to expand its portfolio to 585MW, with Arctic Securities as sole global coordinator and DNB Carnegie and SEB as joint bookrunners. (Source)

Asia-Pacific

Go’s Tokyo IPO Books Covered for Up to ¥88.6 Billion Offering

Go, the Japanese taxi-hailing app, has covered books for its Tokyo IPO, which could raise up to ¥88.6 billion, or about $555 million. Bookbuilding is expected to close on Friday, with pricing scheduled for June 8 and listing planned for June 16. The company, launched in 2020, has recorded about 35 million downloads, holds a reported 71% market share in Japan and posted net profit of ¥2.5 billion for the year ended May 31, 2025. (Source)

Anker Innovations Files for Hong Kong Listing

Anker Innovations has filed a Hong Kong listing proposal with China’s securities regulator, advancing plans for a listing on the Hong Kong Stock Exchange. The consumer electronics company plans to issue up to 68.51 million overseas-listed shares. The proposed Hong Kong listing would complement Anker’s existing Shenzhen Stock Exchange listing under the code 300866.SZ and broaden its access to international investors. (Source)

Africa

CANAL+ Becomes First French Company to List in Johannesburg

CANAL+ became the first French company to list on the Johannesburg Stock Exchange, with its shares rising to 58.50 rand at the market open on June 3, 2026. The listing follows CANAL+’s 2025 acquisition of MultiChoice and is intended to support the company’s ambitions to build a global entertainment platform across Europe, Africa and Asia. Management said the Johannesburg listing should enhance liquidity and support growth ambitions in Africa. (Source)

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