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)
Read the full briefing
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)
Read the full briefing
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)
Read the full briefing
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
Read the full briefing
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
Read the full briefing
Blockchain.com

Crypto exchange & wallet

72

Blockchain.com is reported to be targeting a roughly $500 million IPO before the end of 2026 at a $4 billion to $6 billion valuation — well below its 2022 peak of about $14 billion. A draft S-1 has been submitted confidentially; exchange, ticker and price range are not yet public.

Status
Confidential S-1 submitted
Window
Late 2026 (reported)
Read the full briefing
Dangote Refinery

Oil refining & petrochemicals

95

Dangote Petroleum Refinery is selling a 3% stake — 4.1 billion shares at N525 each, about $1.55 billion — on the Nigerian Exchange in Africa's biggest-ever IPO. Aliko Dangote has called demand 'enormous' as his planned Kenyan refinery moves forward.

Status
IPO offer open (NGX)
Window
Offer 14 Sep – mid Oct 2026; NGX listing after allotment
Read the full briefing
Hindustan Coca-Cola Beverages

Beverages & bottling

78

Coca-Cola is reportedly preparing to file a draft prospectus in December 2026 for the IPO of Hindustan Coca-Cola Beverages (HCCB), its largest Indian bottler, seeking about a $10 billion valuation and a raise of roughly $1 billion, mostly shares sold by existing investors.

Status
Draft prospectus reportedly planned for December
Window
Draft filing Dec 2026; listing targeted for 2027
Read the full briefing