Upcoming IPOs
ERock, Inc. (Ticker: EROC US) is an American company that designs, deploys, operates and maintains modular distributed natural gas power generation systems, supported by proprietary low-emission generator technology and embedded software. The company is domiciled in the United States and primarily serves data centers, utilities and large commercial and industrial customers across nine U.S. states.
ERock plans to list on the NYSE on June 10, 2026. According to published terms, the company plans to offer 27.9 million shares at a price range of $20.00 to $23.00 per share, raising approximately $600 million at the $21.50 midpoint. The estimated market capitalization is around $4.7 billion. ERock’s systems are used for bridge power, backup resiliency and dispatchable flexible-capacity applications, with major operating footprints in California and Texas. As of March 31, 2026, the company reported over 2,000 deployed units across about 400 operational sites, an installed base of approximately 1,000 MW and contracted power system sales backlog of approximately $1.3 billion.
Parabilis Medicines (Ticker: PBLS US) is an American clinical-stage biotechnology company developing engineered peptide therapies for cancer. The company is domiciled in the United States and uses its proprietary Helicon platform to produce helical peptides designed to modulate intracellular protein interactions that are not accessible to small-molecule therapies or biologic drugs.
Parabilis plans to list on NASDAQ on June 10, 2026. According to published terms, the company plans to offer 25.0 million shares at a price range of $17.00 to $19.00 per share, raising approximately $450 million at the $18.00 midpoint. The estimated market capitalization is around $2.6 billion.
The company’s lead drug candidate, zolucatetide, targets the Wnt/β-catenin pathway, which is associated with a broad range of solid tumors. Parabilis is evaluating zolucatetide in ongoing clinical trials across multiple indications, including desmoid tumors and familial adenomatous polyposis. The company plans to start a Phase 3 registrational trial in desmoid tumors in the first half of 2027. Parabilis has not generated product revenue to date and reported a net loss of approximately $153 million for the 12 months ended March 31, 2026.
Forbright (Ticker: FRBT US) is an American digital-first bank and commercial lender specializing in sustainable finance, with services spanning nationwide middle-market lending, digital consumer banking, strategic advisory and asset management. The company is domiciled in the United States and traces its history to Congressional Bank, established in 2003, before a period of growth and modernization beginning in 2020 and a rebranding to Forbright following a $369 million capital infusion in 2021.
Forbright plans to list on NASDAQ on June 11, 2026. According to published terms, the company plans to offer 7.9 million shares at a price range of $18.00 to $20.00 per share, raising approximately $150 million at the $19.00 midpoint. The estimated market capitalization is approximately $944 million.
For the 12 months ended March 31, 2026, Forbright reported revenue of approximately $334 million and net income of approximately $88 million. Goldman Sachs, J.P. Morgan, Barclays, Wells Fargo Securities, Piper Sandler, TD Securities, Santander and Centerview Partners are listed as joint bookrunners.
InstallatørGruppen A/S (Ticker: IG DC) is a Danish provider of multi-disciplinary technical installation services, operating in Denmark and Switzerland through a decentralized network of locally anchored portfolio companies. The company provides installation, service and maintenance of technical systems across residential, commercial, industrial and public-sector end markets, including electrical installations, heating, ventilation, cooling, building automation, solar installations and fire safety solutions.
InstallatørGruppen plans to list on Nasdaq Copenhagen on June 11, 2026. According to published terms, the company is offering 70.0 million existing shares at DKK 15.00 per share, raising DKK 1.05 billion, or approximately $163 million. The implied market value at the offer price is DKK 4.5 billion, or approximately $698 million.
The offering consists entirely of secondary shares sold by FSN Capital-related funds and around 300 minority shareholders, so the company is not expected to receive IPO proceeds. The selling shareholders have granted a 15% overallotment option of up to 10.5 million additional shares, which would increase the offering to DKK 1.2 billion if exercised in full. The group was established in 2023 and has completed 47 acquisitions.
Space Exploration Technologies Corp. (Ticker: SPCX US), known as SpaceX, is an American company that designs, manufactures, launches and operates rockets, spacecraft, satellite networks and related software infrastructure. The company is domiciled in the United States and is incorporated in Texas.
SpaceX plans to list on NASDAQ on June 12, 2026. According to published terms, the company plans to offer 555.56 million shares at $135.00 per share, raising approximately $75.0 billion - the largest IPO in history. The company operates across space launch services, Starlink satellite broadband connectivity and AI infrastructure. As of March 31, 2026, SpaceX reported approximately 9,600 Starlink broadband and mobile satellites in low-Earth orbit, serving about 10.3 million Starlink subscribers across 164 countries, territories and other markets.
According to the prospectus, SpaceX acquired xAI in early 2026, making it an integral part of the company’s vertically integrated structure alongside SpaceX’s launch, connectivity and AI capabilities. For the 12 months ended March 31, 2026, SpaceX reported revenue of approximately $19.3 billion and a net loss of approximately $8.7 billion.
Tången Industrikapital AB (Ticker: TANGENB SS) is a Swedish industrial investment group that owns and develops Nordic companies with a long-term, active majority-ownership approach. The company is domiciled in Sweden and focuses on three business areas: Regulatory Expertise, Service Solutions and Industrial Technology. Its portfolio companies operate independently, while Tången supports them with industrial expertise, financial discipline and add-on acquisition capabilities.
Tången plans to list on Nasdaq Stockholm on June 12, 2026. According to published terms, the company is offering 15.47 million B shares at SEK 67.00 per share, raising approximately SEK 1.04 billion, or about $111 million. The IPO implies a post-listing market capitalization of around SEK 3.8 billion, or approximately $406 million.
The offering consists of approximately 5.97 million primary shares and 9.50 million secondary shares. The company is expected to receive about SEK 400 million before issue costs, primarily to fund future acquisitions. Anchor investors including Andra AP-fonden, Handelsbanken Fonder, Protean Funds and Svolder have committed to subscribe for shares totaling SEK 470 million. DNB Carnegie and Nordea are listed as managers.
GO Inc. (Ticker: 581A JP) is a Japanese company providing mobility-related services, including taxi dispatch systems and other technology services for the mobility industry. The company is domiciled in Japan and operates the taxi app “GO,” while also developing businesses related to traffic safety, decarbonization, driver shortages and local community mobility.
GO plans to list on the Tokyo Stock Exchange Growth Market on June 16, 2026. According to published terms, the IPO consists entirely of a secondary sale of 36.9 million shares, with no newly issued shares, at an indicated price range of ¥2,350 to ¥2,400 per share. At the ¥2,375 midpoint, the offering would raise approximately ¥87.7 billion, or about $548 million. The estimated market capitalization is around $1.2 billion.
GO reported consolidated revenue of approximately ¥31.4 billion and net income of about ¥2.0 billion for the fiscal year ended May 2025. For the fiscal year ending May 2026, the company forecasts revenue of ¥40.8 billion and net income of ¥6.4 billion. Nomura Securities is listed as lead manager.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement (around $100 million) or minimum deal size requirement (around $25 million). Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) may not be included. Please refer to the Legal Disclaimer.