US IPO statistics: 2026 to date
103 companies priced US IPOs in 2026 through Oct 20, 2026, raising $146.39B. The median deal raised $255.6M ($300.8M among deals over $25 million), and the largest was Space Exploration Technologies Corp at $75B. 9% of deals with a filed range priced above it and 7% below it.
2026 2025 2024 2023 2022 2021 2020 2019
By quarter
| Quarter | IPOs | Raised |
|---|---|---|
| Q1 | 28 | $9.13B |
| Q2 | 45 | $102.42B |
| Q3 | 23 | $33.77B |
| Q4 | 7 | $1.08B |
By sector
| Sector | IPOs | Raised |
|---|---|---|
| Biotech & pharma | 26 | $7.28B |
| Industrials & materials | 20 | $12.78B |
| Technology | 17 | $112.78B |
| Energy, mining & utilities | 11 | $2.87B |
| Consumer | 9 | $2.35B |
| Financials | 8 | $1.96B |
| Business services | 3 | $1.29B |
| Healthcare | 3 | $860M |
| Real estate & finance | 3 | $2.91B |
| Other | 2 | $824.7M |
| Transportation | 1 | $478.7M |
By exchange
| Exchange | IPOs |
|---|---|
| Nasdaq | 64 |
| NYSE | 28 |
| NYSE American | 10 |
| Not stated | 1 |
Pricing versus the filed range
| Priced | Share of deals |
|---|---|
| Above the range | 9% |
| Within the range | 84% |
| Below the range | 7% |
Based on the 44 IPOs whose filings set a price range.
Largest IPOs
| Company | Priced | Raised | Market cap | Lead-left |
|---|---|---|---|---|
| Space Exploration Technologies Corp | Jun 12, 2026 | $75B | $1765.24B | Goldman Sachs |
| SK hynix Inc. | Jul 10, 2026 | $26.51B | $108.6B | BofA Securities |
| Cerebras Systems Inc. | May 14, 2026 | $5.55B | $39.8B | Morgan Stanley |
| Innio N.v. | Jun 4, 2026 | $2.43B | $20.25B | Goldman Sachs |
| Madison Air Solutions Corp | Apr 17, 2026 | $2.23B | $13.2B | Goldman Sachs |
| Fervo Energy Co | May 14, 2026 | $1.89B | $7.66B | J.P. Morgan |
| Blackstone Digital Infrastructure Trust Inc. | May 15, 2026 | $1.75B | $1.75B | Goldman Sachs |
| Bending Spoons S.p.A. | Jul 1, 2026 | $1.68B | $9.42B | Goldman Sachs |
| Quantinuum Inc. | Jun 5, 2026 | $1.68B | $15.66B | J.P. Morgan |
| Forgent Power Solutions, Inc. | Feb 6, 2026 | $1.51B | $8.22B | Goldman Sachs |
Most active lead-left banks
| Bank | IPOs led |
|---|---|
| Goldman Sachs | 29 |
| J.P. Morgan | 17 |
| Morgan Stanley | 12 |
| BofA Securities | 5 |
| Jefferies | 5 |
| Benchmark | 3 |
| Cantor | 3 |
| Raymond James | 2 |
| Lucid | 2 |
| Evercore ISI | 2 |
Full rankings: 2026 IPO underwriter league table · every 2026 IPO
Operating-company IPOs on US exchanges, read from each final prospectus. Excludes SPAC IPOs, direct listings, uplistings, closed-end funds and Reg A offerings. "Raised" is gross proceeds at the IPO price before the over-allotment option. Above and below range count only deals whose filings set a price range.
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