U.S. equity markets are expected to see a significant rebound in IPO activity in 2026, with total IPO proceeds projected to quadruple to a record $160 billion, according to analysts at Goldman Sachs. High-profile companies like SpaceX, OpenAI, and Anthropic are preparing for public listings, potentially driving investor enthusiasm.
SpaceX could pursue an IPO valued at up to $1.5 trillion, with proceeds possibly reaching $50 billion. OpenAI is planning a second-half 2026 IPO, aiming for a valuation near $1 trillion. The forecast points to software and healthcare firms leading IPO volumes, suggesting a transformative year for public offerings.
SEC Chairman Paul Atkins has indicated a regulatory shift towards easing public disclosure requirements to encourage more IPOs, particularly benefiting smaller and emerging firms. This supportive environment could further enhance participation in the public markets in 2026.
