IPO Calendar

Valuation

~$500bn (secondary market)

Timing

No confirmed date chatter points beyond 2026

Completed its restructuring into a public benefit corporation, the step most often cited as a precondition for any eventual listing. Microsoft remains its largest backer.

Valuation

~$350bn (latest private rounds)

Timing

No confirmed date investors flag a multi-year runway

Claude maker backed by Google and Amazon. Repeated private mega-rounds have removed near-term pressure to tap public markets.

Valuation

~$400bn (tender offers)

Timing

Starlink carve-out floated as the likelier listing

Elon Musk has long said only Starlink is a realistic IPO candidate, with regular employee tender offers providing liquidity instead.

Valuation

~$107bn (tender offer)

Timing

Perennial candidate; no filing disclosed

Uses annual employee tender offers to handle liquidity, which has repeatedly pushed the listing question down the road.

Valuation

~$100bn+

Timing

Management has signalled it is in no rush

Has hired public-company finance leadership and raised late-stage capital, the classic pre-IPO housekeeping pattern.

Valuation

~$200bn (post-merger with X)

Timing

No confirmed date

Merged with X Corp; any listing would likely follow the combined group rather than the model lab alone.

Valuation

~$75bn (secondary)

Timing

Leadership has leaned toward a US venue when it happens

One of the largest European fintechs; the UK vs US listing venue debate remains unresolved.

Valuation

~$42bn (secondary)

Timing

Repeatedly described as IPO-ready, not IPO-scheduled

Profitable and running employee share sales, giving it flexibility on timing.

Valuation

~$23bn

Timing

No confirmed date

Post-litigation platform economics are the main swing factor for any listing case.

Valuation

~$30–50bn (widely disputed)

Timing

Venue has shifted between New York, London and Hong Kong

Has worked through confidential filings in more than one jurisdiction amid regulatory scrutiny.

Valuation

~£4.5bn

Timing

Board has discussed a listing in the medium term

UK challenger bank now profitable, frequently named in London listing-pipeline commentary.

Valuation

~£2.5bn

Timing

Listing repeatedly deferred

Has signalled IPO ambitions for several years without setting a timetable.