Several large tech companies with valuations exceeding $100 billion, also known as “hectocorns,” could go public in 2026 and significantly change the IPO landscape. Leading candidates include OpenAI, Anthropic, SpaceX, and Stripe, with OpenAI potentially reaching a valuation of $1 trillion.
Other potential IPOs include cryptocurrency exchange Kraken, enterprise AI company Databricks, fintech Monzo, and design platform Canva. The success or failure of these IPOs could shape investor sentiment and reveal whether the current hype surrounding AI-driven technologies is based on sustainable growth or more akin to a speculative bubble.