The IPOX® Update 9/18/2026

U.S.

Anthropic Pushes Ahead With Potentially Record $100 Billion IPO Despite AI Safety Concerns

Anthropic continues preparing for a potentially record-breaking U.S. IPO despite CEO Dario Amodei's call for the AI industry to slow development of advanced models over safety concerns. The AI company has been discussed at a valuation approaching $2 trillion, with a potential offering raising as much as $100 billion, although its original early-October timetable has come under pressure following Amodei's intervention. Investor meetings are continuing, with Anthropic's rapid growth and annualized revenue expected to exceed $100 billion central to the IPO pitch, while investors assess whether its safety commitments could constrain future expansion. (Source)

Holtec Shelves Up to $900 Million Nasdaq IPO Amid Nuclear-Sector Selloff

Holtec Nuclear suspended its planned Nasdaq IPO shortly before pricing, shelving an offering of 50 million shares at $15–$18 each that could have raised up to $900 million and valued the company at approximately $10.2 billion. Reuters linked the decision to increased scrutiny of AI-related capital spending, weaker nuclear-sector shares, higher interest rates and broader market volatility. IPOX® Research Associate Lukas Muehlbauer said Holtec's investment case was closely tied to expectations for increased data-center electricity demand, while noting that the cancellation did not necessarily imply widespread postponements across the broader IPO pipeline. (Source 1) (Source 2)

CVC-Backed Bamboo Insurance Targets Up to $700 Million in NYSE IPO

Bamboo Insurance Services launched a U.S. IPO seeking as much as $700 million through the sale of 35 million shares at $18–$20 each, implying a valuation of more than $3 billion. The CVC-backed homeowners insurer plans to list on the NYSE under ticker BMB, with JPMorgan, Morgan Stanley, Deutsche Bank, Evercore and Wells Fargo among the banks on the transaction. IPOX® VP Kat Liu told Reuters that insurers can benefit from recurring revenue and resilient demand in volatile markets, while noting Bamboo's managing-general-underwriter model creates dependence on carrier relationships and capacity providers. (Source)

Europe

BASF Appoints Banks for €20–€30 Billion Agricultural Solutions Frankfurt IPO

BASF appointed Citi, Deutsche Bank, Goldman Sachs and JPMorgan as global coordinators for the planned Frankfurt IPO of its Agricultural Solutions division. The German chemicals group aims to have the seeds and crop-protection business ready for an IPO by mid-2027, although final timing will depend on market conditions. Bankers and industry sources cited by Handelsblatt estimate the division could be worth approximately €20 billion–€30 billion, potentially making it one of Frankfurt's largest flotations in years, while BASF intends to retain a majority stake after the transaction. (Source 1) (Source 2)

Revolut Considers Dual London and Nasdaq Listing

Revolut founder and CEO Nik Storonsky confirmed that the digital bank is considering a dual listing in London and New York, while continuing to view the U.S. market as attractive because of its deeper investor base. Reuters said Revolut was valued at about $75 billion in a November secondary share sale and could target an IPO around 2028, with management previously discussing ambitions for a valuation as high as $200 billion. The company serves roughly 80 million customers globally and continues to expand its regulated banking presence in the U.S. and Europe. (Source)

Vue Explores London IPO at Valuation of Up to £1.5 Billion

Vue, the European cinema operator, is considering a London IPO as one of several potential exits for investors that took control during its post-pandemic restructuring. Rothschild has been appointed to assess a flotation or private sale, with the Financial Times reporting that Vue's backers favour an IPO potentially valuing the company at up to £1.5 billion. A process could begin before the end of 2026 ahead of a possible 2027 listing; Vue operates around 220 cinemas across Europe and generated approximately £781 million of revenue in its latest financial year. (Source 1) (Source 2)

Linjemontage Launches SEK658 Million Nasdaq Stockholm IPO

Linjemontage, a Swedish power-infrastructure contractor, published its prospectus and set its IPO price at SEK46 per share ahead of an expected September 25 debut on Nasdaq Stockholm. The base offering is worth approximately SEK658.3 million, with a further SEK98.8 million available through an overallotment option, while the offer price implies an equity valuation of around SEK2.36 billion. The company provides engineering, procurement and construction services for electricity infrastructure and reported SEK3.23 billion of annual revenue, with an order book of approximately SEK4.35 billion at the end of June. (Source)

Dusk Shelves Planned £300 Million London IPO

Dusk, the online furniture and homewares retailer, abandoned plans for a London IPO that had been expected to value the business at approximately £300 million. The Yorkshire-based company had appointed advisers and considered a flotation later in 2026 but has decided to remain privately owned for the foreseeable future. The company could revisit a public listing at a later date, although no new timetable is currently planned. (Source)

Asia-Pacific

Nvidia-Backed Firmus Seeks Up to $5 Billion in Landmark Australian IPO

Firmus Technologies, an AI infrastructure developer backed by Nvidia, is seeking to raise as much as US$5 billion in an Australian IPO, with a potential ASX debut as early as late October. At the indicated size, the transaction would rank among the largest IPOs globally in 2026 and as Australia's second-largest listing on record after Telstra's 1997 flotation. Firmus began investor meetings in Asia ahead of planned marketing in Europe, the U.S. and Australia, after raising $2 billion privately in August at a post-money valuation above $10.5 billion from investors including Nvidia, Coatue and Blackstone-backed funds. (Source 1) (Source 2)

RoboTechnik Prepares $800 Million Hong Kong Secondary Listing

RoboTechnik Intelligent Technology, the Shenzhen-listed automation-equipment manufacturer, plans to launch a Hong Kong offering on September 21 targeting approximately $800 million. Pricing is expected on September 24, with trading scheduled to begin September 29; the transaction represents a secondary Hong Kong listing rather than the company's first public listing. RoboTechnik produces equipment for photovoltaic cells and silicon-photonics products used in data-center and AI infrastructure, and its Shenzhen market capitalization has risen to approximately $15.5 billion, with Huatai International, Citi and Orient Securities acting as sponsors. (Source)

Wiluna Mining Seeks A$180 Million in ASX Relisting

Wiluna Mining is seeking A$180 million as part of a recapitalisation and proposed return to the Australian Securities Exchange after being delisted in 2024. ASX data show a proposed issue price of A$0.65 per share, with the offer scheduled to close October 9 and trading targeted for October 26 under ticker WMC. The capital raising is intended to leave Wiluna debt-free and finance a staged restart of its Western Australian gold project, which hosts more than seven million ounces of resources. (Source 1) (Source 2)

Forms Syntron Postpones $120 Million Hong Kong IPO

Shenzhen Forms Syntron Information postponed its planned Hong Kong IPO because of market conditions. The fintech-software company had intended to sell approximately 58.96 million H shares at up to HK$16 each, raising as much as HK$943.4 million, or approximately $120 million. Forms Syntron, which already trades in Shenzhen, will refund IPO application money and will not execute the international underwriting agreement for the current offering while the company and its advisers evaluate a revised timetable. (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.