IPO Market 2026 first half numbers

Di first half of 2026 put 184 new US-dollar listings for American exchanges, wey raise 133.5 billion dollars — and one single June deal dey responsible for 56.2 percent of dat money, wey pass everi oda listing join togeda. Dis page na di half-year listing ledger: how many deals price and wen, wetin list and wia, wetin a typical deal raise, how di pace compare wit everi first half since 2019, and how di class dey trade against dia offer prices.

How many IPO dem price for di first half of 2026?

First, wetin dem dey count. Di whole set na listings wey don complete for US exchanges, wey dem price for US dollars, from offering records — every listing type dey inside. Dis one wide pass di "IPO" wey financial television dey talk: apart from operating-company debuts, e still count closed-end funds, trusts, and blank-check vehicles. Narrower definitions dey produce smaller counts, na why published "how many IPOs" figures dey disagree — di answer depend on di fence wey dem put round di word. Di fence wey dem use here dey for di SQL under every panel, and di mix inside am get im own panel below. Di half, month by month:

SELECT toStartOfMonth(listing_date) AS month,
       count() AS listings,
       round(sum(total_offer_size) / 1e9, 1) AS raised_bn_usd
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2026-01-01'
  AND listing_date <= '2026-06-30'
GROUP BY month
ORDER BY month

Di pace no smooth: 45 listings for February against 15 for March, di half im quietest month. Di money even scatter more — June im 86.8 billion stand tall pass every oda month (May im 16.2 billion na di runner-up), and one deal na most of di reason.

Di half wey dey one row

Totals, di typical deal, and di two concentration receipts:

SELECT count() AS listings,
       round(sum(total_offer_size) / 1e9, 1) AS raised_b,
       round(sumIf(total_offer_size, listing_date >= '2026-06-01') / 1e9, 1) AS june_raised_b,
       round(100 * toFloat64(sumIf(total_offer_size, listing_date >= '2026-06-01')) / toFloat64(sum(total_offer_size)), 1) AS june_share_pct,
       round(max(total_offer_size) / 1e9, 1) AS biggest_deal_b,
       round(100 * toFloat64(max(total_offer_size)) / toFloat64(sum(total_offer_size)), 1) AS biggest_deal_share_pct,
       countIf(total_offer_size >= 1000000000) AS billion_dollar_deals,
       round(avg(total_offer_size) / 1e6, 0) AS average_deal_m,
       round(quantileExact(0.5)(toFloat64(total_offer_size)) / 1e6, 0) AS median_deal_m,
       countIf(final_issue_price > 0) AS with_offer_price,
       (SELECT uniqExact(toDate(toTimeZone(window_start, 'America/New_York')))
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'SPY'
          AND window_start >= toDateTime('2026-01-01 00:00:00')
          AND window_start < toDateTime('2026-07-01 00:00:00')) AS trading_sessions
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2026-01-01'
  AND listing_date <= '2026-06-30'

184 listings across 123 trading sessions — e pass one new listing per session. 11 deals raise a billion dollars or more, and di single biggest deal na 75 billion dollars. Di concentration columns na di half im defining numbers: June carry 65 percent of di dollars, and di one biggest deal carry 56.2 percent — na majority of everything wey dem raise, by one company.

Di typical deal dey inside different universe: di average listing raise 738 million dollars, di median — di deal wey dey middle of di stack — na 200 million. Gap wey wide like dat mean skew dey: one giant deal dey drag di mean while di middle of di market dey price ordinary-sized offerings. Di median na di honest measure of a typical deal.

Which kind companies go public?

The caveat wey dey for intro — say the count dey mix listing types — get im own panel here.

SELECT multiIf(security_type IN ('SP', 'UNIT'), 'Unit offerings (share + warrant or right)',
               security_type = 'ADRC', 'American depositary receipts (ADRs)',
               'Common or ordinary shares') AS listing_type,
       count() AS listings,
       round(sum(total_offer_size) / 1e9, 1) AS raised_bn_usd,
       round(quantileExact(0.5)(toFloat64(total_offer_size)) / 1e6, 0) AS median_deal_m,
       count() - countIf(match(security_description, '(?i)war|rts')) AS without_warrant_or_right
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2026-01-01'
  AND listing_date <= '2026-06-30'
GROUP BY listing_type
ORDER BY listings DESC

Unit offering dey bundle one share with small fraction of warrant or right — na the structure wey blank-check companies (SPACs) dey use to enter public market and find merger target. Units na the biggest bucket for the half by count: 101 listings, all except 1 dey carry warrant or right, wey raise 18.2 billion dollars — big for count, small for money. The 78 common- and ordinary-share listings raise 114.2 billion, wey be the heavy bulk of the half im dollars. The remaining 5 na American depositary receipts (ADRs) — foreign companies wey dey list for US through bank-issued receipts — at 1.2 billion.

One honesty note: the record dey separate structure, no be business model — closed-end fund dey list ordinary shares the same way rocket company dey do am, so the common-share bucket still dey mix operating companies with listed funds.

Di deals wey rule di half

Na for di top of di table di half money really dey:

SELECT issuer_name AS company,
       toString(listing_date) AS listed,
       round(total_offer_size / 1e9, 2) AS raised_bn_usd
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2026-01-01'
  AND listing_date <= '2026-06-30'
  AND total_offer_size > 0
ORDER BY total_offer_size DESC
LIMIT 8

For di very top, Space Exploration Technologies Corp. siddon, wey dem list for 2026-06-12, with 75 billion dollars — e big pass everi oda deal for di table, na di listing event of di half by any measure. We cover dat debut well-well: SpaceX im first month of trading and im fast-follow Nasdaq-100 index add. Under am, di billion-dollar tier — Cerebras Systems Inc (5.55 billion) and peers — dey read like di year private-market greatest hits wey dey go public.

One note on how to read offer sizes: di figure na di money wey dem raise for di offering, no be di company valuation. One company fit float small slice of imself for giant valuation, or big slice for modest one — wetin be stock float dey measure exactly dat gap. Offer size dey measure di event, no be di enterprise.

Nasdaq or NYSE: where di half list

Di venue split — count, dollars, and how much of each venue count na blank-check supply:

SELECT multiIf(primary_exchange = 'XNAS', 'Nasdaq',
               primary_exchange = 'XNYS', 'NYSE',
               primary_exchange = 'XASE', 'NYSE American',
               'OTC markets') AS exchange,
       count() AS listings,
       round(sum(total_offer_size) / 1e9, 1) AS raised_bn_usd,
       countIf(security_type IN ('SP', 'UNIT')) AS unit_offerings
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2026-01-01'
  AND listing_date <= '2026-06-30'
GROUP BY exchange
ORDER BY listings DESC

Nasdaq carry 130 of di half listings and 116.7 billion of im dollars — dat column include di June mega-deal wey list for there. NYSE carry 44 listings and 16.4 billion. Di unit column explain part of di gap: 77 of di leader listings na blank-check units, im long-standing bread and butter for di small end of di calendar. NYSE American, di small-cap venue, host 9 listings for well under a billion combined.

2026 go be busy IPO year?

Di usual answer dey compare half-year count with full-year history — dat one na apples to oranges. Di panel wey dey below fix di fence: na only January reach June listings, every year since 2019, dem compute am di same way.

SELECT toYear(listing_date) AS year,
       count() AS listings,
       round(sum(total_offer_size) / 1e9, 1) AS raised_bn_usd
FROM global_markets.stocks_ipos
WHERE ipo_status = 'history'
  AND currency_code = 'USD'
  AND listing_date >= '2019-01-01'
  AND listing_date <= '2026-06-30'
  AND toMonth(listing_date) <= 6
GROUP BY year
ORDER BY year

184 listings make dis one di busiest first half since 2021 — e pass 2025 own wey be 177 and 2024 own wey be 153, di third straight yearly rise from 2023 own wey be 125. Di 2021 peak of 542 — wen blank-check listings turn di calendar to conveyor belt — still dey for anoda universe. Di dollar column dey strange: 133.5 billion na di second-biggest first-half raise for di table, only 2021 own wey be 167.7 dey ahead — with di standing caveat say one deal carry most of di distance between dis half and ordinary one.

One caution: if you double half-year count, you dey assume say second half go look like first one, and listing activity get window well-well — di February-to-March swing for di monthly table show how fast di window fit close. Treat di half figure as measurement, and any full-year projection wey dem build on top am as guess.

How di class of 2026 don trade since dem list?

To count deals na to measure supply; di real question wey pesin dey carry come "IPO market 2026" na whether dis listings make money. Di panel take every H1 listing wey get recorded final offer price (178 out of 184 get one) and compare im last regular-hours close for di second half first full week (July 6-10) with wetin offering buyers pay.

SELECT multiIf(i.security_type IN ('SP', 'UNIT'), 'Unit offerings',
               i.security_type = 'ADRC', 'ADRs',
               'Common or ordinary shares') AS listing_type,
       count() AS deals_with_offer_price,
       countIf(p.last_close > 0) AS traded_jul6_10,
       countIf(p.last_close > toFloat64(i.final_issue_price)) AS above_offer,
       countIf(p.last_close > 0 AND p.last_close < toFloat64(i.final_issue_price)) AS below_offer,
       countIf(p.last_close = toFloat64(i.final_issue_price)) AS at_offer,
       round(quantileExactIf(0.5)((p.last_close / toFloat64(i.final_issue_price) - 1) * 100, p.last_close > 0), 1) AS median_return_pct
FROM global_markets.stocks_ipos AS i
LEFT JOIN (
    SELECT ticker, toFloat64(argMax(close, window_start)) AS last_close
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE window_start >= toDateTime('2026-07-06 00:00:00')
      AND window_start < toDateTime('2026-07-11 00:00:00')
      AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
    GROUP BY ticker
) AS p ON p.ticker = i.ticker
WHERE i.ipo_status = 'history'
  AND i.currency_code = 'USD'
  AND i.listing_date >= '2026-01-01'
  AND i.listing_date <= '2026-06-30'
  AND i.final_issue_price > 0
GROUP BY listing_type
HAVING countIf(p.last_close > 0) > 0
ORDER BY deals_with_offer_price DESC

Three different markets dey inside dat table. Di 70 common- and ordinary-share listings wey trade during di week split 45 above dia offer price against 25 below, with median gain of 3.6 percent — di typical traditional listing dey modestly up, plenty minority dey underwater. Di unit offerings barely move: median of 1.1 percent above offer — di blank-check structure dey behave as e design — unit na mostly claim on trust account wey hold di offering cash, and e dey tend to sit near di offer price until merger target appear. Di ADR bucket na di half one clean downside pocket: every ADR wey print trade dat week sit below im offer price, median of -17.4 percent under — 5 listings, sample wey worth exactly dat weight.

Dem disclose coverage for di table: only 56 out of 101 unit tickers print regular-hours trade dat week — unit symbols dey thin, and dem fit split unit into share and warrant components wey dey trade separately, so unit coverage inherently dey partial.

Wetin e mean if you dey look new listings

Three tins wey show pass dis half. First, di headline counts dey overstate how many businesses truly show: di biggest bucket by count na blank-check units, so raw "IPO count" mostly dey measure shell supply. Second, dollar totals dey hang on single decisions: one deal carry di majority of di half raise, so year-over-year "IPO proceeds" comparison fit swing on one boardroom. Third, di aftermarket dey split, e no dey uniformly hot: 25 of di 70 traditional listings wey trade siddon below offer — na dispersion, no be rising tide.

Two mechanics wey worth knowing before you touch any new listing. Early trading dey run on thin float: early prices dey jump pass wetin di same stock go be one year later. And insider lock-ups normally dey expire around 180 days after listing, wey put dis class lock-up expirations on di second half calendar — na scheduled step-up for sellable shares. No point dey say buy or avoid; both dey talk say di offer-price return wey dey above no be wetin market buyer fit capture — offer allocations mostly dey go institutions; everybody else dey buy di open.

Di second half don already dey write im own ledger — di first full July week deliver one mega-listing from Korean memory-chip maker — but dat raise belong to di H2 edition. Di market wey dis deals price into dey measured for di H1 2026 market recap.

IPO market 2026 FAQ

How many IPOs don show for 2026 so far?

184 US-dollar listings wey don price finish for di first half of 2026, counting every listing type: 78 na common- or ordinary-share listings — di traditional "IPO" — and 101 blank-check unit offerings dey inside.

Which one be di biggest IPO for 2026 so far?

Space Exploration Technologies Corp., wey list for 2026-06-12, raise 75 billion dollars — e be di largest US listing for di half by wide margin, and e take 56.2 percent of di half entire raise by imself.

How many 2026 IPOs be SPACs?

101 out of di half 184 listings na unit offerings — di share-plus-warrant-or-right bundle wey blank-check companies dey use — dem raise 18.2 billion dollars: e get plenty for di count, but small share of di money.

How 2026 IPOs don perform since dem list?

For di last regular-hours close of di July 6-10 week, di median common- or ordinary-share listing trade 3.6 percent above im offer price — 45 dey above, 25 dey below. Unit offerings cluster just above dia offer price; every ADR wey trade sit below im offer.

Di IPO market dey hot right now?

By count, H1 2026 na di busiest first half since 2021 — 184 listings against 2025 own wey be 177, like-for-like — though e still far under 2021 own wey be 542. By dollars e rank second only to 2021, rank wey rest largely on one mega-deal on top of market wey otherwise just dey ordinary.

Every figure wey dey above na stored, versioned query over listing records — expand di SQL under any panel, or slice di IPO calendar your own way for Strasmore terminal.