IPO news covering initial public offerings, stock market debuts, SPAC mergers, and companies going public on exchanges.
SpaceX filed for an IPO on Wednesday, offering 555.6 million Class A shares at $135 each, targeting a record $75 billion valuation. If completed, it would surpass Saudi Aramco's $25.6 billion IPO in 2019. Elon Musk retains 82.4% voting power. Retail investors can buy shares through platforms including Schwab, Fidelity, and Robinhood.
Anthropic PBC has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also involved. The Claude chatbot maker is competing with OpenAI to go public first.
This commentary argues that SpaceX's planned IPO, seeking a $1.75 trillion valuation, is overambitious given its modest revenue and net losses. It compares SpaceX to past giant IPOs like Saudi Aramco and Visa, which performed poorly after launch, warning investors of potential disappointment despite the hype.
Jim Cramer argues that the market cannot absorb the massive capital demands from upcoming mega-IPOs of AI companies like SpaceX, OpenAI, and Anthropic, alongside existing tech giants' spending. He calculates that these entities collectively require hundreds of billions, questioning whether investors have enough liquidity to sustain the rally.
Anthropic PBC confidentially submitted a draft S-1 form to the SEC on Monday, aiming for a Wall Street debut as soon as this fall. The AI company, valued at $380 billion in February, saw annualized revenues surpass $47bn last month, up fivefold since the start of 2026.
CANAL+ made its Johannesburg Stock Exchange debut on Wednesday, opening at R58.50 under ticker CNP and rising to R58.80. The listing was a regulatory condition of its acquisition of MultiChoice, approved in September 2025.
SpaceX's IPO may be added to broad index funds within five trading days due to relaxed profitability and float rules. The company filed its S-1 on May 20, targeting a $1.8 trillion valuation with a record $75 billion raise, making it twice as large as any previous listing.
This commentary argues that retail investors are increasingly gaining access to high-profile private market IPOs through specialized funds, highlighting both the allure of quick riches and the potential risks involved. It suggests that this trend democratizes investment opportunities but may expose inexperienced traders to volatile assets.
Unitree Robotics received hearing approval from the Shanghai Stock Exchange for its Star Market IPO, clearing a key regulatory hurdle. The company aims to raise 4.2 billion yuan (US$621 million) by offering at least 40.4 million shares. Unitree filed for the IPO on March 20, 2026, and underwent two rounds of inquiries and an on-site inspection.
UK financial platform OpenPayd agreed to merge with SPAC Titan Acquisition Corp. to list on Nasdaq at over $1 billion valuation. The deal was announced on Monday.