Global IPO Calendar: US and Europe Listings — 2026-09-13
The 2026 IPO market continues to defy historical September slumps, with year-to-date performance pacing toward the strongest levels since the 2021 boom. While US proceeds hit record highs, post-listing performance has diverged, with major names like Anthropic targeting massive valuations amidst investor scrutiny of new stock underperformance. In Europe, the pipeline remains selective as London faces a darkening outlook for new listings, while Paris sees activity in niche tech and industrial sectors.
Global IPO Calendar: US and Europe Listings — 2026-09-13
Top developments
US IPO Rebound Defies Seasonal Slump
2026 is pacing toward the strongest IPO performance since the 2021 boom, logging 331 new filings and 280 completed offerings year-to-date. This volume already exceeds the full Q1–Q3 levels recorded in 2025, signaling a robust recovery in primary market activity despite broader market volatility. The rebound suggests that issuers are successfully navigating the traditional "September slump" to capitalize on available liquidity windows
Anthropic Targets $2 Trillion Valuation Amidst Divergent Performance
US IPO proceeds have reached a record high in 2026, yet post-IPO stock performance has not strengthened in tandem. Anthropic is moving forward with its listing process, targeting a valuation of $2 trillion, while other high-profile companies like Oura face questions regarding profitability despite revenue growth. This divergence highlights a market where capital availability does not automatically translate into sustained equity gains for newly public firms
London IPO Outlook Darkens as Firms Eye 2027
The London IPO market outlook has rarely looked bleaker, with fundraising in the first half of 2025 falling to at least a three-decade low. Only five debuts raised a combined £160 million ($218.6 million) in that period, prompting many potential issuers to postpone listings to a 2027 window. This trend contrasts sharply with the US recovery, leaving London with 900 fewer listings than it had ten years ago
Oura Files for Nasdaq Listing with Revenue Surge
Finnish wearable maker Oura has filed its prospectus for a Nasdaq listing, reporting a significant jump in revenue. However, the filing also raised new questions regarding the company's path to profitability. The listing is one of the most anticipated consumer tech debuts of the quarter, with local European media closely monitoring the financial disclosures ahead of the pricing date
Local view
In Germany, financial outlet finanzen.net highlighted that while SpaceX dominated headlines earlier in the year, a "silent" IPO has actually delivered a doubling of share price for investors, outperforming the space giant. This analysis suggests that mid-cap and lesser-known listings may currently offer better risk-adjusted returns than headline mega-deals
In France, Boursorama reported on the debut of D.A.T.E. on Euronext Growth, a specialist in heat exchangers and thermal transfer systems. The company was described as operating in the shadows but being central to strategic technologies, reflecting a trend of industrial-tech listings gaining traction in Paris even as broader indices fluctuate
Context & numbers
- US Volume: 331 new filings and 280 completed offerings YTD 2026
- London Fundraising: H1 2025 saw only £160 million raised across five debuts, a three-decade low
- India Momentum: Indian IPO markets regained momentum in July and August 2026, with mainboard issues raising nearly Rs 55,500 crore, contrasting with the slower European pipeline
- Europe Pipeline: PitchBook notes that Europe's IPO window remains wide, but the backlog of high-quality candidates is narrowing
On the radar
- Anthropic Pricing: Investors are awaiting final pricing details for Anthropic's highly anticipated listing, which targets a $2 trillion valuation
- Oura Debut: Keep an eye on the first-day performance of Oura following its prospectus filing, as it tests appetite for consumer hardware stocks
- Discord IPO: Discord remains one of the most widely anticipated listings, with rumors persisting about a NYSE or NASDAQ debut, though no official date has been confirmed
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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