Upcoming IPOs
Deep Fission, Inc. (Ticker: FISN US) is an American development-stage nuclear energy technology company developing a small modular reactor based on established pressurized water reactor technology for emplacement in deep boreholes about one mile below the surface. Deep Fission plans to list on NASDAQ on May 29, 2026, offering 6.0 million shares at $24.00 to $26.00 per share, raising approximately $150 million at the midpoint. The company is incorporated in Delaware and has not generated revenue.
Deep Fission’s Gravity Reactor is intended to use subsurface pressure, geology and shielding to reduce reliance on large surface containment structures. The company is advancing engineering validation, drilling research, safety analysis, regulatory engagement and site development, including work at its leased site in Parsons, Kansas. Estimated market capitalization is approximately $1.6 billion.
Shenzhen Creality 3D Technology Co Ltd (Ticker: 3388 HK) is a Chinese company focused on consumer 3D printing products and services, including 3D printers, 3D printing consumables, 3D scanners, laser engravers, accessories and services offered through its Creality Cloud platform.
Creality plans to list H shares on the Hong Kong Stock Exchange Main Board on May 29, 2026. According to published terms, the company is offering 73.43 million primary shares at HKD 18.80 per share, raising approximately HKD 1.38 billion, or about $176 million. The implied market capitalization at offer is approximately HKD 8.78 billion, or around $1.1 billion.
According to the prospectus, IPO proceeds are expected to be used for R&D and product capacity, brand promotion and business development, working capital and strategic acquisitions. China International Capital Corporation Hong Kong Securities Limited is the sponsor, with underwriters including ABCI Securities, BOCI Asia, CCB International, Deutsche Bank Hong Kong and others.
Beijing Shougang Lanzatech Technology Co., Ltd. (Ticker: 2553 HK) is a Chinese company operating in the CCUS industry, producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technologies, while also providing low-carbon integrated solutions. The company is domiciled in China and has commissioned four large-scale production facilities across China.
Shougang Lanzatech plans to list on the Hong Kong Stock Exchange on June 3, 2026. According to published terms, the company is offering 40.0 million H shares at HKD 14.60-17.10 per share, raising up to approximately HKD 684 million, or about $87 million. The implied market capitalization is HKD 5.84-6.84 billion, equivalent to approximately $745-873 million.
The IPO consists entirely of primary shares, with a 15% greenshoe option. According to the prospectus, proceeds are expected to be used for R&D and production capacity, brand promotion and business development, working capital, and strategic acquisitions. Shougang Group is a major shareholder, alongside LanzaTech Hong Kong Limited and other investors.
Applied Aerospace & Defense, Inc. (Ticker: AADX US) is an American aerospace and defense manufacturing company providing design, engineering and vertically integrated manufacturing services for mission-critical subsystems. The company serves three core markets: space and launch systems, defense aviation and airborne systems, and C5ISR and precision strike systems.
Applied Aerospace & Defense plans to list on the NYSE on June 3, 2026, offering 32.5 million shares at $18.00 to $21.00 per share, raising approximately $634 million at the midpoint. The company is incorporated in Delaware and has an estimated market capitalization of approximately $3.3 billion.
The company was created in December 2025 through the merger of PCX Aerosystems, whose roots date to 1900, and Applied Aerospace, founded in 1954. According to the prospectus, Applied Aerospace & Defense supplies highly engineered systems for leading and next-generation space and defense technology companies, with sole- or single-source positions representing about 87% of revenue for the fiscal year ended December 31, 2025. Morgan Stanley, Jefferies, BofA Securities, RBC Capital Markets, Guggenheim Securities, Baird, Stifel, WR Securities and Nomura Securities are joint bookrunners.
Sunshine Silver Mining & Refining, Inc. (Ticker: SSMR US) is an American development-stage mining company focused on restarting the historic Sunshine Mine and related refining facilities in Kellogg, Idaho. The company owns a historically producing silver mine whose byproducts include antimony, copper and lead, and owns or leases land in the Sunshine Mine Core Area, the Coeur d’Alene Mining District and the Lakeview Mining District.
Sunshine Silver Mining & Refining plans to list on the NYSE on June 4, 2026, offering 20.0 million shares at $13.50 to $16.50 per share, raising approximately $300 million at the midpoint. The company is incorporated in Delaware and has an estimated market capitalization of approximately $2.1 billion.
Founded in 2010, Sunshine Silver Mining & Refining acquired the Sunshine Mine that year and has not yet generated operating revenue. The company is maintaining and modernizing the site as it prepares for a targeted 2028 restart of mining, milling and refining operations. Morgan Stanley, Scotia Capital, BMO Capital Markets, Canaccord Genuity, Citigroup and RBC Capital Markets are joint bookrunners.
Safepoint Holdings, Inc. (Ticker: SFPT US) is an American property and casualty insurance company focused on specialty homeowners and commercial property insurance in coastal markets, particularly Florida and Louisiana. The company, incorporated in Delaware, operates a mostly fee-based insurance servicing platform and had over $1.0 billion of in-force premiums as of December 31, 2025.
Safepoint plans to list on the NYSE on June 4, 2026, offering 16.7 million shares at $15.00 to $17.00 per share, raising approximately $267 million at the midpoint. The company’s estimated market capitalization is approximately $1.1 billion.
Founded in 2013, Safepoint combines policyholder-owned reciprocal insurance exchanges, which it manages as attorney-in-fact for a service fee, with its wholly owned insurance company, Safepoint Insurance. According to the prospectus, most of its in-force premium was originally placed with the reciprocal exchanges, while 11% was originally placed with Safepoint Insurance as of December 31, 2025. Safepoint is founder-led and majority-owned by management. Deutsche Bank Securities, Morgan Stanley, Keefe Bruyette Woods, Citizens Capital, Piper Sandler, Truist Securities and William Blair are joint bookrunners.
INNIO Group Holding GmbH (Ticker: INIO US) is a Germany-headquartered distributed energy solutions provider delivering reliable, flexible, decentralized, modular and efficient power solutions. The company designs, manufactures and services high-performance power systems, such as gas engines, under its Jenbacher and Waukesha brands, serving applications including data centers, microgrids, grid stabilization, industrial energy and gas compression.
INNIO plans to list on NASDAQ on Thursday, June 4, 2026, with pricing expected after market close on Wednesday, June 3, 2026. According to published terms, the company is offering 75,000,000 shares at a price range of $24.00 to $27.00 per share, implying an IPO offer size of approximately $1.9 billion.
The offering is structured as 100% secondary shares, meaning proceeds are expected to go to selling shareholders rather than to the company. Goldman Sachs, J.P. Morgan and Morgan Stanley are acting as bookrunners.
Quantinuum (Ticker: QNT US) is an American quantum computing company offering a vertically integrated platform that includes quantum hardware systems, middleware, developer tools, application libraries and solution-targeted intellectual property. The company’s platform is designed to make quantum computing deployable in real-world environments.
Quantinuum plans to list on NASDAQ on Thursday, June 4, 2026, with pricing expected after market close on Wednesday, June 3, 2026. According to published terms, the IPO is expected to raise approximately $1.0 billion, with shares offered at a price range of $45.00 to $50.00. The offering is structured as 100% primary shares, meaning IPO proceeds are expected to go to the company.
J.P. Morgan and Morgan Stanley are acting as bookrunners, with Morgan Stanley also serving as stabilization agent. The management team includes Dr. Rajeeb Hazra as Chief Executive Officer, Nitesh Sharan as Chief Financial Officer and Larry Stack as Chief Commercial Officer.
LongBio Pharma (Suzhou) Co., Ltd. (Ticker: 1779 HK) is a Chinese clinical-stage biopharmaceutical company focused on in-house discovery and development of biologic treatments for allergic and autoimmune diseases. Its pipeline includes LP-003, an anti-IgE antibody targeting allergic rhinitis, chronic spontaneous urticaria, allergic asthma and other allergic diseases, and LP-005, a bi-functional antibody fusion protein targeting C5 and C3b complement for renal and hematologic indications. The company is domiciled in China.
LongBio Pharma plans to list H shares on the Hong Kong Stock Exchange on June 5, 2026. According to published terms, the company is offering 14.19 million primary H shares at HKD 96.06 per share, raising approximately HKD 1.36 billion, or about $174 million. The market capitalization at offer is indicated at approximately HKD 7.01 billion, equivalent to around $894 million.
According to the prospectus, IPO proceeds are expected to be used for R&D and product capacity, as well as working capital and strategic acquisitions. The offering consists entirely of primary shares and includes a 15% greenshoe option.
Dajin Heavy Industry Co., Ltd. (Ticker: 1081 HK) is a Chinese company manufacturing and selling wind power equipment, including wind turbine frames, offshore wind foundations, offshore wind turbine infrastructure, thermal boiler island steel structures, and offshore oil and gas rig industrial structures. The company is domiciled in China and operates globally, with a focus on offshore wind power equipment R&D and manufacturing, heavy marine transportation, wind and photovoltaic power generation, and wind marshalling port operations.
Dajin plans to list H shares on the Hong Kong Stock Exchange on June 5, 2026. According to published terms, the company is offering 86.97 million primary H shares at HKD 66.40 per share, raising approximately HKD 5.8 billion, or about $737 million. The Bloomberg screen indicates market capitalization of approximately HKD 61.6 billion, equivalent to around $7.9 billion.
According to the prospectus, proceeds are expected to be used for R&D and production capacity, brand promotion and business development, working capital, strategic acquisitions, and other purposes. Dajin has been listed on the Shenzhen Stock Exchange since 2010, and founder Jin Xin is its largest shareholder.
Lung Fung Group Holdings Limited (Ticker: 2290 HK) is a Hong Kong-based retailer of beauty, health and pharmaceutical products, operating under the “Lung Fung” brand through 31 retail stores in Hong Kong and online sales platforms. The company is domiciled in Hong Kong and offers products across categories including proprietary Chinese medicines, western medicines, health supplements, skincare, cosmetics, fragrances, personal care, maternal and infant products, food, pet food and household daily necessities.
Lung Fung Group plans to list on the Hong Kong Stock Exchange on June 5, 2026. According to published terms, the company is offering 125.0 million primary shares at HKD 5.18-6.38 per share, raising up to approximately HKD 798 million, or about $102 million. The implied market capitalization is HKD 2.59-3.19 billion, equivalent to approximately $331-407 million.
According to the prospectus, IPO proceeds are expected to be used for R&D and product capacity, brand promotion and business development, working capital, strategic acquisitions, and other purposes. The offering includes a 15% greenshoe option and DBS Asia Capital is the sponsor.
Piece Peace Studio Co Ltd (Ticker: 0117P0 KS) is a South Korean apparel and fashion company operating designer and contemporary lifestyle brands, including Mardi Mercredi and Hello Sunrise. The company sells tops, sweatshirts, shirts, sweaters, shoes, kidswear and related apparel products, and distributes through its own online channels, flagship stores and other retail networks, with operations focused in South Korea and expansion into overseas markets including Japan.
Piece Peace Studio plans to list on KOSDAQ on June 5, 2026. According to published terms, the company is offering 2.27 million common shares at an expected price range of KRW 19,000 to KRW 21,500 per share, raising approximately KRW 43.2 billion to KRW 48.9 billion, or about $29 million to $33 million. The IPO includes 2.10 million new shares, representing 92.4% of the offering, and 172,637 secondary shares, representing 7.6%. NH Investment & Securities and Mirae Asset Securities are the offering managers.
WhiteHawk Minerals (Ticker: WHK US) is an American company focused on acquiring and managing high-quality natural gas mineral and royalty interests in premier U.S. basins. The company’s portfolio is concentrated in the Appalachian and Haynesville Basins and, as of December 31, 2025, spanned approximately 3.4 million gross DSU acres.
WhiteHawk plans to list on the NYSE on Friday, June 5, 2026, with pricing expected after market close on Thursday, June 4, 2026. According to published terms, the company is offering 6,925,000 shares at a price range of $25.00 to $27.00 per share, implying an IPO offer size of approximately $180 million.
The offering is structured as 100% primary shares. Raymond James, Stifel and J.P. Morgan are acting as bookrunners, with Raymond James also serving as stabilization agent and bill and deliver bank.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement (around $100 million) or minimum deal size requirement (around $25 million). Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) may not be included. Please refer to the Legal Disclaimer.