The 2025–2026 US IPO List: Major Market Debuts

After a period of caution driven by geopolitical uncertainty and rising interest rates, the U.S. initial public offering (IPO) market experienced a strong revival in 2025 and 2026. This renewed corporate confidence signals a shift in investor sentiment, with market participants once again turning their attention to growth opportunities.

The year 2025 clearly confirmed this change in trend. A significant number of companies entered the public markets, collectively raising more than USD 170 billion in new capital. This represented a year-on-year increase of over thirty percent. The largest transaction of the year was the December debut of healthcare company Medline, which raised USD 6.26 billion in its IPO. Its case illustrates that major market events often come not from widely known consumer brands, but from established leaders within specific industries.

Expectations for 2026 are even higher. The market is speculating about the potential IPOs of several long-anticipated technology companies. These include leading players in artificial intelligence, such as the startup Anthropic, whose expected valuation is estimated in the hundreds of billions of dollars, as well as the space company SpaceX. Growing investor interest is focused on sectors such as advanced AI, defense technologies, and the space industry, indicating a willingness to finance innovative, albeit sometimes riskier, business models.

However, it is essential to note that investing in newly listed stocks involves specific risks. Post-IPO performance can be highly volatile and varies on a case-by-case basis depending on market conditions, company financial results, and the broader economic cycle.

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The compiled table serves as an informational resource cataloging the key entrants to the public markets during these years. It is designed to provide a clear, organized reference to the companies that undertook this significant financial milestone, thereby contributing to the evolving landscape of publicly traded equities.