IPO market poised to break records

The IPO market is poised to set fresh records as 2026’s issuance pace accelerates after reaching the year’s midpoint. U.S. IPO proceeds total $141.2 billion for 2026 following SK Hynix’s $26.5 billion cross-listing last week, according to Renaissance Capital. That figure is close to the $142.4 billion record posted in 2021. Next, Brookfield-backed data center operator Csquare is expected to raise up to $1.35 billion in an IPO on July 15, which could push the year over the top. Standard Nuclear is also expected to price the same day, raising up to $384.3 million. Latham & Watkins partner Stelios Saffos described recent mega-IPOs, including SpaceX and SK Hynix, as strong signals for deal activity. While AI remains a headline driver, non-tech firms are filing as well, including Jersey Mike’s and Tailored Brands. Globally, IPOs raised $201 billion in 2026, still below earlier peaks.