After several mixed years, the IPO market has cleared up again in 2025. According to EY, 1,259 companies went public in the previous year (+2%), with issuance volume rising significantly by 32 percent to $163.3 billion. 2026 could be even better, because there’s a whole slew of companies in the tech sector alone that are targeting IPOs or at least have such plans attributed to them. With OpenAI, Anthropic, and SpaceX, three companies are among those that could even crack the top 20 of the world’