Global IPO Calendar: US and Europe Listings — 2026-09-11

Top developments

US IPO Pipeline Rebounds Post-Holiday

The eight-week post-Labor Day window, traditionally the most concentrated period for new listings, began this week with one AI-adjacent name already on file. Despite earlier concerns that 2026 might be a "dud" year for tech listings, data shows the market is pacing toward its strongest performance since 2021, logging 331 new filings and 280 completed offerings year-to-date. Key names like Oura (est. $11.0B valuation) and SB Energy are currently in the "near-term" bucket, though not yet priced as of September 9.

France’s D.A.T.E. Targets Euronext Growth Listing

French thermal exchange specialist D.A.T.E. is preparing for its initial public offering on Euronext Growth Paris, aiming to raise €10 million at a pre-money valuation of €32 million. The Grenoble-based company, which serves defense and deep tech sectors, is leveraging strong demand for European defense stocks to change its scale after 47 years of private operation. This move highlights the continued activity in smaller-cap European listings despite broader market headwinds.

India’s NSE Slashes IPO Valuation Target

The National Stock Exchange of India (NSE) is likely to cut its IPO price to ₹1,700–₹1,785 and reduce the stake on offer, following investor concerns over growth prospects amid regulatory curbs on derivatives trading. The exchange slashed its maximum valuation target by 15% as the world’s largest options boom cooled, forcing a repricing ahead of the listing. This adjustment reflects the sensitivity of mega-IPOs to regulatory and macroeconomic shifts in emerging markets.

London IPO Revival Hopes Fade for 2026

Senior bankers have largely given up hope for a long-awaited recovery in UK IPOs this year, with many clients eyeing a 2027 window instead. Fundraising in the first half of 2025 fell to a three-decade low, with only five debuts raising £160 million, a trend that continues to dampen sentiment. LSE Chief Executive Julia Hoggett recently argued against the "doom narrative," but market activity remains sluggish compared to EU and Swiss exchanges.

Local view

In France, media outlets like L'Agefi and Boursorama are closely tracking D.A.T.E.'s entry into the public markets, highlighting its niche role in defense technology and its ability to remain profitable while private. Tradingsat notes the rarity of such SMEs listing in a sector dominated by giants like Thales and Safran, framing the IPO as a significant event for the French deep-tech ecosystem. In Germany, finanzen.net reports that while SpaceX did not perform as expected, a "quiet" IPO delivered a doubling of value for investors, suggesting selective strength in the German-speaking market's secondary offerings.

Context & numbers

• US Pipeline Volume: 2026 YTD has seen 331 new filings and 280 completed offerings, exceeding full Q1–Q3 levels from 2025.
• India Fundraising: 62 mainboard IPOs raised ₹73,673.54 crore between January and August 2026, with the NSE listing expected to push total fundraising past ₹1 lakh crore.
• European Listings: H1 2025 London fundraising was just £160 million, a stark contrast to the active pipeline in Paris and Frankfurt.
• Quantinuum Pricing: Quantinuum announced the pricing of its upsized IPO at $60.00 per share for 28,000,000 Class A shares, marking a significant tech listing event.

On the radar

• Discord IPO: Speculation continues regarding a potential listing on NYSE or NASDAQ, though no official date or pricing has been confirmed.
• Oura & SB Energy: Both companies are tracked in the "near-term" bucket by QuantLogix, with Oura rumored at an $11.0B valuation; investors are watching for S-1 updates or roadshow announcements.
• Vincorion Roadshow: German firm Vincorion has started a roadshow with Berenberg to intensify US investor contacts, trading above its issue price since its initial start.