The IPOX® Update 8/14/2026

U.S.

Vantage Data Centers Explores $10 Billion IPO at Potential $100 Billion Valuation

Vantage Data Centers is exploring a U.S. IPO as early as 2027 that could raise around $10 billion and value the hyperscale data-center operator at approximately $100 billion, potentially making it the largest data-center IPO ever. Silver Lake- and DigitalBridge-backed Vantage has held preliminary discussions with advisers, although no formal process has begun and a sale or partial stake sale remains an alternative. The company has raised roughly $11 billion since late 2023 and recently partnered with Oracle and OpenAI on a Wisconsin data-center campus linked to the Stargate infrastructure initiative. (Source)

DayOne Confidentially Files for U.S. IPO Targeting Approximately $5 Billion Raise

DayOne Data Centers, a Singapore-headquartered data-center operator, has confidentially filed for a U.S. IPO that could raise approximately $5 billion. The company is currently targeting a U.S.-only transaction, although a future dual listing in Singapore has not been ruled out, with Bank of America, Citigroup, JPMorgan and Morgan Stanley working on the offering. DayOne recently completed a $4.5 billion Series C financing led by Coatue Management and Hillhouse to support expansion across Asia and Europe, while reports indicate the IPO could occur as early as the next quarter or by year-end 2026. (Source 1) (Source 2)

Anthropic Begins Investor Meetings Ahead of Potentially Record-Breaking IPO

Anthropic has begun meeting prospective IPO investors as the artificial-intelligence company prepares for a potential U.S. offering as early as September or October 2026. Management is seeking to address investor concerns around competition from lower-cost AI models, political pressure and resistance to data-center development while emphasizing growth in Claude and expansion opportunities in healthcare and biology. Anthropic was valued at about $965 billion in its latest financing, while investor models cited by the Financial Times have contemplated a valuation approaching $2 trillion; however, no formal IPO valuation or offer size has been set. (Source 1) (Source 2)

Barrick Clears Major Hurdle for Planned North American Gold IPO

Barrick Mining says the planned IPO of a new company containing major North American gold assets remains on track for completion by year-end 2026 after resolving a dispute with Newmont. Newmont agreed to pay Barrick $1.95 billion and consent to the separation, removing a major obstacle involving their Nevada Gold Mines joint venture. The new company is expected to include Barrick's interest in Nevada Gold Mines, Pueblo Viejo and other North American assets; no IPO offer size or definitive listing venue has been announced, although analysts have valued the Fourmile project alone at approximately $10 billion–$20 billion. (Source 1) (Source 2)

Asia-Pacific

Moore Threads Plans Hong Kong IPO to Raise at Least $2 Billion

Moore Threads, a Chinese GPU developer already listed in Shanghai, is planning a Hong Kong IPO that could raise at least $2 billion. The company plans to issue up to 10% of its enlarged share capital, with CITIC Securities expected to lead the transaction, while its Shanghai-listed shares recently gave it a market capitalization of roughly $42 billion. First-half revenue rose 147% to RMB1.7 billion as losses narrowed, and proceeds from the Hong Kong offering are expected to support R&D, commercialization, sales infrastructure, strategic investments and acquisitions. (Source 1) (Source 2)

Vitalink Technology Wins Approval for $300 Million–$500 Million Hong Kong IPO

Vitalink Technology has received Chinese regulatory approval to proceed with a Hong Kong IPO expected to raise approximately $300 million–$500 million, moving the transaction closer to marketing and execution. CICC and Deutsche Bank are acting as joint sponsors for the company, which develops interface-enhancement technologies and engineered materials used in consumer electronics and smart vehicles. Vitalink has remained profitable, while Bain Capital has been an investor in the company since 2021, adding private-equity backing to the prospective Hong Kong listing. (Source)

Mech-Mind Robotics Prepares Approximately $300 Million Hong Kong IPO

Mech-Mind Robotics, a Meituan-backed industrial robotics company, is preparing to begin premarketing a Hong Kong IPO expected to raise approximately $300 million. The company received approval from China's securities regulator on August 7, clearing an important step toward the offering, with CITIC Securities and China Securities International working on the transaction. Mech-Mind develops industrial 3D cameras and AI software that enable robots to identify and manipulate objects in manufacturing environments, and its investors include Meituan, Intel and IDG Capital. (Source)

ZUS Coffee Considers $245 Million Malaysia IPO at Roughly $1 Billion Valuation

ZUS Coffee is considering an IPO of its Malaysian business that could raise at least RM1 billion, or approximately $245 million, and value the company at around RM4 billion, close to $1 billion. The Bursa Malaysia listing could take place as early as mid-2027, although the size, timing and structure remain preliminary. Founded in 2019, ZUS has expanded rapidly across Malaysia and into the Philippines, Singapore and Thailand and is reportedly working with financial advisers on the potential offering. (Source 1) (Source 2)

Oliver Sets Terms for $132 Million Tokyo IPO and September 16 Listing

Oliver Corp, a Japanese interior-design and furniture company, has set terms for an IPO worth up to ¥21.1 billion, or approximately $132 million, on the Tokyo Stock Exchange. The transaction consists of roughly 69.3 million secondary shares marketed at ¥270–¥305 plus an overallotment option of about 10.4 million shares, with investment firm Integral selling through affiliated vehicles. Bookbuilding is scheduled for September 1–4, final pricing is expected on September 8 and trading is scheduled to begin on September 16, with Nomura and Daiwa serving as joint lead managers. (Source)

Kiwimoore Confidentially Files for Hong Kong IPO Targeting $2 Billion Valuation

Kiwimoore, a Chinese AI-networking chip designer, has confidentially filed for a Hong Kong IPO targeting a valuation of approximately $2 billion, although an offer size has not been disclosed. The company aims to complete the listing in the first half of 2027 and has appointed CITIC Securities and ABC International to lead the transaction. Founded in 2021, Kiwimoore develops networking technology connecting AI accelerators inside computing clusters and raised roughly $104 million in July at an RMB8 billion valuation, positioning the planned IPO as a significant valuation step-up. (Source)

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