Pre-IPO watchlist

The biggest listings that haven't hit the filing feed yet

Anthropic, OpenAI and the rest of the mega-cap private pipeline only appear in the exchange calendar once they price. Until then, these briefings track valuation, filing status and the numbers that will set the deal — compiled from public reporting and dated.

Anthropic

Artificial intelligence

99

Anthropic has filed confidentially and is being priced above $2 trillion in pre-IPO secondary markets — more than double its last agreed private round. The S-1 is the missing piece.

Status
Confidential S-1 filed
Window
Q4 2026 (reported)
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OpenAI

Artificial intelligence

97

OpenAI filed confidentially in June 2026, then let the circled September window pass. The CFO now says 2027; Sam Altman called a 2026 listing 'ill-advised'.

Status
Confidential S-1 filed · timing pushed to 2027
Window
2027 (CFO guidance)
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Databricks

Data & AI infrastructure

71

Databricks has the revenue profile of a listed company and keeps choosing not to be one. Reported timing has ranged from a mid-2026 filing to 2027.

Status
Exploring · timing in flux
Window
2026–2027 (reported range)
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Stripe

Fintech / payments

58

Stripe is profitable, privately valued at $159 billion, and has used tender offers instead of a listing. Management has called an IPO 'not a top 20 priority'.

Status
No filing · management says not a priority
Window
No confirmed window
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Revolut

Fintech / banking

76

Revolut is reported to have filed confidentially with Nasdaq as the venue, at a private valuation near $75 billion — a notable loss for European exchanges.

Status
Confidential S-1 reported
Window
TBA
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