Largest IPO by market cap in 2026?
- Will Discord have the highest IPO Market Cap 2026?<1¢
- Will ByteDance have the highest IPO Market Cap 2026?<1¢
- Will Stripe have the highest IPO Market Cap 2026?<1¢
- Will SpaceX have the highest IPO Market Cap 2026?76¢
- Will OpenAI have the highest IPO Market Cap 2026?<1¢
- Will Kraken have the highest IPO Market Cap 2026?<1¢
- Will Anthropic have the highest IPO Market Cap 2026?21¢
- Will SHEIN have the highest IPO Market Cap 2026?<1¢
- Will Waymo have the highest IPO Market Cap 2026?<1¢
- Will Revolut have the highest IPO Market Cap 2026?<1¢
- Will Perplexity AI have the highest IPO Market Cap 2026?<1¢
- Will Databricks have the highest IPO Market Cap 2026?<1¢
This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026. This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used. A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded. In the event of an interruption in the course of the normal trading session on the respective companies’ first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.
SpaceX's June 2026 listing at a $1.75–2.1 trillion valuation, the largest IPO on record, anchors trader consensus at 74% implied probability for the year's biggest debut by market cap. The offering, which raised up to $75 billion amid strong demand for its Starlink and integrated AI infrastructure exposure, far exceeds private-market levels for other candidates. xAI's February merger into SpaceX at a combined $1.25 trillion valuation supports its 25.5% odds but eliminates a standalone listing path. Anthropic's June confidential S-1 filing and $965 billion post-money valuation after a $65 billion round sustain 23.6% probability for a potential fall 2026 debut, though at a scale well below SpaceX. Remaining candidates trade below 1% amid limited IPO momentum and lower valuations.