The Stack · 2026 Edition

Largest Tech IPOs 2026 Stack

2026 shattered every IPO record in the books. $75B from SpaceX alone. Stripe, Cerebras, CoreWeave, Scale AI — collectively, the year's tech IPOs raised over $100B. Track every listing, current performance, and what comes next.

$100B+
Total capital raised, 2026
8
Major tech IPOs, H1 2026
+$2.59T
Combined market cap
+68%
Best day-1 return (CBRS)

2026 Tech IPOs — Live Now

#1
SpaceX
Nasdaq: SPCX
Aerospace & Satellite Internet
Live
$2.59T
Market Cap
$135
IPO Price
~$201.80
Current Price
+49% from IPO

Listed June 12, 2026 on Nasdaq. $75B raise — largest equity offering in stock market history. 30% retail allocation confirmed via Robinhood, Fidelity, E*TRADE.

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#2
Stripe
Nasdaq: STRS
Fintech / Payments
Live
~$100B
Market Cap
$66–70
IPO Price
$6.5B
Amount Raised
Post-IPO data updating

Listed June 4, 2026 on Nasdaq. $6.5B raise, ~$100-110B market cap at listing. $6.5B ARR, profitable since 2023. Processes $1T+ annual payment volume.

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#3
Cerebras Systems
Nasdaq: CBRS
AI Hardware / Chips
Live
$67B
Market Cap
$185
IPO Price
$311
Day 1 Close
+68% Day 1

Listed May 14, 2026. $5.55B raise at $33B valuation. Opened at $385 (+108%). $510M revenue (+76% YoY), $87.9M GAAP net income. AWS Bedrock + OpenAI integration.

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#4
Scale AI
NYSE: SCLAI
AI Data Infrastructure
Live
$32.4B
Market Cap
$14B
Pre-IPO Val.
$870M–$1.2B
Est. Revenue
Listed H1 2026

S-1 filed March 2026. US Department of Defense + OpenAI + Meta + Microsoft as customers. Alexandr Wang (CEO) among the youngest self-made billionaires. Profitable on adjusted basis.

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#5
CoreWeave
Nasdaq: CRWV
AI Infrastructure / GPU Cloud
Live
~$23B
Market Cap
$2B+
ARR
17,000+
GPUs deployed
Listed H1 2026

AI-focused GPU cloud provider built on Nvidia infrastructure. Rapid revenue growth driven by AI inference demand. Backed by NVIDIA, Magnetar, Coatue. Strategic partner to Microsoft Azure.

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#7
Deel
Ticker TBD
HR Tech / Payroll
Live
$23.8B
Market Cap
$500M+
ARR
200+
Countries served
Listed H1 2026

Global HR and payroll platform for remote and distributed teams. Simplified entityployment model (employer of record) enables companies to hire compliantly in 200+ countries. Strong growth in enterprise segment.

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Next Up — 2026 IPO Pipeline

S-1 Filed
Databricks
$134B valuation

Ticker: Nasdaq (TBD)

Revenue: ~$3.5B ARR, +50% YoY

IPO Target: Late 2026

S-1 filed April 2026. Data + AI platform. Enterprise customer base across cloud platforms. Ghodsi (CEO) confirmed IPO readiness.

S-1 Filed
OpenAI
$920B valuation

Ticker: Nasdaq (TBD)

Revenue: ~$12B+ ARR

IPO Target: Q4 2026

S-1 expected Q4 2026. Largest AI company by revenue. Sam Altman has confirmed exploration of public listing. Microsoft as 49% shareholder.

S-1 In Prep
Anthropic
$380B valuation

Ticker: Nasdaq (TBD)

Revenue: ~$19B+ ARR

IPO Target: October 2026

S-1 in preparation, target October 2026. Claude AI maker. Amazon ($8B) + Google ($3B) invested $11B combined. Fastest growing enterprise AI revenue.

2026 IPO Lockup Expiry Tracker

Ticker Company IPO Date IPO Price First-Day Return Lockup Expiry Status
CBRS Cerebras Systems May 14, 2026 $185 +68% ~Nov 14, 2026 (180d) ~4 months away
SPCX SpaceX Jun 12, 2026 $135 +19.79% ~Sep 12, 2026 (90d) ~2 months away
STRS Stripe Jun 4, 2026 ~$68 TBD ~Sep 4, 2026 (90d) ~2 months away
CRWV CoreWeave H1 2026 TBD TBD ~Dec 2026 (180d) ~5 months away
SCLAI Scale AI H1 2026 TBD TBD ~Dec 2026 (180d) ~5 months away

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