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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

IPOs1031 raised under $10M
Raised$146.39B
Median deal over $25M$300.8MAll deals: $255.6M
Median market cap at pricing$1.05B

By quarter

US IPOs per quarter, 2026
Q1: 28Q1Q2: 4545Q2Q3: 23Q3Q4: 77Q4
QuarterIPOsRaised
Q128$9.13B
Q245$102.42B
Q323$33.77B
Q47$1.08B

By sector

SectorIPOsRaised
Biotech & pharma26$7.28B
Industrials & materials20$12.78B
Technology17$112.78B
Energy, mining & utilities11$2.87B
Consumer9$2.35B
Financials8$1.96B
Business services3$1.29B
Healthcare3$860M
Real estate & finance3$2.91B
Other2$824.7M
Transportation1$478.7M

By exchange

ExchangeIPOs
Nasdaq64
NYSE28
NYSE American10
Not stated1

Pricing versus the filed range

PricedShare of deals
Above the range9%
Within the range84%
Below the range7%

Based on the 44 IPOs whose filings set a price range.

Largest IPOs

CompanyPricedRaisedMarket capLead-left
Space Exploration Technologies CorpJun 12, 2026$75B$1765.24BGoldman Sachs
SK hynix Inc.Jul 10, 2026$26.51B$108.6BBofA Securities
Cerebras Systems Inc.May 14, 2026$5.55B$39.8BMorgan Stanley
Innio N.v.Jun 4, 2026$2.43B$20.25BGoldman Sachs
Madison Air Solutions CorpApr 17, 2026$2.23B$13.2BGoldman Sachs
Fervo Energy CoMay 14, 2026$1.89B$7.66BJ.P. Morgan
Blackstone Digital Infrastructure Trust Inc.May 15, 2026$1.75B$1.75BGoldman Sachs
Bending Spoons S.p.A.Jul 1, 2026$1.68B$9.42BGoldman Sachs
Quantinuum Inc.Jun 5, 2026$1.68B$15.66BJ.P. Morgan
Forgent Power Solutions, Inc.Feb 6, 2026$1.51B$8.22BGoldman Sachs

Most active lead-left banks

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.