Upcoming IPOs to watch in 2026

Exchange: Nasdaq (ADRs)  |  Deal size: $26.51 billion raised

This is a secondary US listing via American Depositary Receipts, where ten ADRs represent one common share. SK Hynix already trades on the KOSPI in Seoul, so this is a new US listing rather than an initial public offering.

SK Hynix, the South Korean memory chipmaker and a leading supplier of high-bandwidth memory used in AI systems, completed a $26.51 billion US listing on 10 July 2026, the largest US share sale by a foreign company. The ADRs priced at $149 and opened at $170. They now trade as SKHY. Trade it as a share CFD with ThinkMarkets, subject to availability.

Exchange: to be confirmed  |  Reported valuation: ~$965 billion

Anthropic, the AI company behind Claude, filed confidentially for a US IPO on 1 June 2026, days after a funding round valued it at a reported $965 billion. Bankers began meeting investors in July, and reporting points to a listing as soon as October. No date, exchange or ticker has been confirmed. Read our guide for the latest on the Anthropic IPO and how to trade it once available.

Exchange: to be confirmed  |  Reported valuation: to be confirmed

OpenAI, the company behind ChatGPT, filed confidentially for a US IPO on 8 June 2026. Reporting since late June indicates it is leaning towards 2027 rather than a 2026 debut, holding out for a $1 trillion valuation. No date, exchange or ticker has been confirmed. Read our guide for the latest on a potential OpenAI IPO and how to trade it once available.

Exchange: mainland China (reported)  |  Reported valuation: ~$52 billion

DeepSeek, the Chinese AI company, is preparing to list on a mainland Chinese exchange, with a filing reported as possible in late 2026 or early 2027 and a debut no earlier than 2027. It was valued at around $52 billion in its first external funding round in June 2026. As a mainland Chinese listing, it may not become available to trade as a share CFD.

Exchange: to be confirmed  |  Reported valuation: ~$159 billion

Stripe, the digital payments company, was valued at $159 billion in a February 2026 tender offer. It has not filed publicly for a listing and has not confirmed a timeline.

Exchange: to be confirmed  |  Reported valuation: ~$134 billion

Databricks, one of the leading data and AI infrastructure companies, raised around $4 billion in December 2025 at a valuation of about $134 billion. Reporting indicates it is expected to file its S-1 in the second half of 2026.

Exchange: to be confirmed  |  Reported valuation: to be confirmed

Discord, the communications platform, filed confidentially for a US IPO in January 2026 with Goldman Sachs and JPMorgan leading. No valuation, date or exchange has been confirmed, and reporting notes the company may still decide not to proceed.

Exchange: to be confirmed  |  Reported valuation: ~$42 billion

Canva, the Australian design platform, was valued at around $42 billion in a 2025 secondary share sale. It has not filed publicly for a listing and has not confirmed a timeline.

Exchange: to be confirmed  |  Reported valuation: ~$115 billion

Revolut, the UK fintech, was valued at around $115 billion in a secondary share sale launched in July 2026, up from $75 billion in November 2025. It has said it will not pursue a listing before 2028.

Exchange: to be confirmed  |  Reported valuation: ~$50 billion

Ripple, the blockchain-based payments company behind XRP, was valued at around $50 billion in a March 2026 share buyback offer. Its leadership has said it has no IPO plan or timeline at present.