Wall Street is preparing for a major wave of AI and technology IPOs. Several private companies are moving closer to public markets, while recently listed firms are giving investors new ways to gain exposure to AI, satellites, quantum computing, and data centers.
Anthropic and OpenAI remain the biggest names to watch. SoftBank backed SB Energy could also become an important near term IPO if it moves ahead with a September 2026 listing.
Quick Facts
| Topic | AI and Technology IPOs |
|---|---|
| Key Companies | Anthropic, OpenAI, SB Energy, SpaceX, HawkEye 360 and Xanadu Quantum |
| Potential Anthropic Valuation | About $965 billion |
| Potential OpenAI Valuation | About $852 billion |
| SB Energy IPO Target | $5 billion to $7 billion |
| Possible IPO Timing | September 2026 for SB Energy |
| Why It Matters | Major AI and technology IPOs could create new investment opportunities. |
Anthropic Moves Into the Spotlight
Anthropic is one of the biggest potential technology IPOs to watch. The company has reportedly reached a private valuation of about $965 billion.
A public offering near that level could make Anthropic one of the largest technology IPOs ever. The company competes directly with OpenAI in the enterprise AI market.
Investor interest is already building around private AI companies. Yorkville America’s MANGOS Plus Index ETF provides investors with indirect exposure to companies such as Anthropic and OpenAI.
OpenAI Builds Its IPO Case
OpenAI is also moving closer to a potential mega IPO. Its advertising business has reportedly reached a $1 billion annualized revenue rate.
The advertising service operates across more than 40 countries. It also serves both free and paid ChatGPT users.
OpenAI’s reported valuation stands at about $852 billion. Strong revenue growth could strengthen the company’s case for a future public listing.
SB Energy Could Be the Next Big IPO
SB Energy may offer the most immediate opportunity for investors. The SoftBank backed data center company could launch its IPO as soon as September 2026.
The company reportedly has about 9 gigawatts of contracted computing capacity. Its contracted backlog exceeds $400 billion.
Nvidia has also committed about $3 billion through private transactions. However, SB Energy has not yet placed an operational data center into service.
OpenAI has invested $500 million in SB Energy. The relationship also includes warrants worth about $5.5 billion for OpenAI.
Recently Listed Tech Stocks to Watch
SpaceX, HawkEye 360, Xanadu Quantum and Ticketplus have recently entered public markets.
SpaceX trades around $142 based on the supplied figures. Fubon has reportedly started coverage with a Buy rating and a $183 target.
HawkEye 360 faces an important lock up event around September 2. The company could also join the Russell 2000 on September 21.
Xanadu Quantum is focused on quantum computing. The company aims to reach more than 1,000 logical qubits by 2031.
Ticketplus has also attracted analyst interest, with Roth MKM reportedly setting a $14 price target.
Recently Listed: Post IPO Watchlist
| Company | Ticker | Price | Since IPO | Key Catalyst |
|---|---|---|---|---|
| SpaceX | SPCX | $142.17 | Listed June 2026 | Fubon initiates at Buy, $183 target |
| HawkEye 360 | HAWK | $19.37 | May 2026 | Lock up expires Sept 2; Russell 2000 addition Sept 21 |
| Xanadu Quantum | XNDU | $10.71 | Public | Targeting 1,000+ logical qubits by 2031 |
| Ticketplus | TP | $8.00 | Recent | Roth/MKM initiates Buy, $14 target (+79%) |
China Adds Another AI IPO
Enflame Technology recently priced its Shanghai STAR Market IPO at 142.18 yuan per share. The offering raised about 6.12 billion yuan, or roughly $860 million.
The company gives investors exposure to China’s growing domestic AI chip industry. It also reflects Beijing’s push for greater semiconductor self reliance.
Xanadu Quantum Tech
View StockTop AI IPOs and Market Outlook
The biggest question is timing. Anthropic and OpenAI have not confirmed firm IPO dates.
Market conditions could influence their decisions. Interest rates, oil prices, geopolitical risks and September market volatility may affect IPO plans.
AI IPO activity could create several major opportunities for investors. Anthropic and OpenAI represent the biggest potential listings, while SB Energy could provide a nearer term AI infrastructure opportunity.
Recently listed companies such as SpaceX, HawkEye 360 and Xanadu Quantum will also remain important stocks to watch as the technology IPO market develops.
