2026 IPO Market Review

130 companies went public in 2026. The median return was -22.0% with 28% of IPOs in positive territory.

2020 2021 2022 2023 2024 2025 2026

Total IPOs

130

Avg Return

+328.6%▲

Median Return

-22.0%▼

% Positive

27.9%

Total Mkt Cap

$73.7B

Best Performers

1.RPGLRepublic Power Group Ltd

+45.4%

2.AKANAKANDA CORP.

+44.5%

3.AUUDAUDDIA INC.

+15.3%

4.CTTHCTT PHARMACEUTICAL HOLDINGS, INC.

+11.7%

5.YSWYYesway, Inc.

+7.7%

Worst Performers

1.GLNDGreenland Energy Co

-40.9%

2.TRWDTradewinds Universal

-31.4%

3.AVEXAEVEX Corp.

-11.9%

4.BTMBitcoin Depot Inc.

-11.3%

5.MOBXMOBIX LABS, INC

-9.6%

Top Industries

44Blank Checks

12Pharmaceutical Preparations

8Commodity Contracts Brokers & Dealers

7Services-Prepackaged Software

4Surgical & Medical Instruments & Apparatus

4Services-Computer Processing & Data Preparation

3Biological Products, (No Diagnostic Substances)

3Beverages

3Finance Services

2Metal Mining

By Exchange

Unknown

Nasdaq

NYSE

OTC

NASDAQ

All 2026 IPOs

Ticker	Company	Exchange	Industry	IPO Date	IPO Price	Current	Return	Mkt Cap	Lockup End
SWRD	Stewards, Inc.	OTC	Short-Term Business Credit Institutions	Apr 28, 2026	$2.71	N/A	-4.1%	$538.5M	N/A
COAG	Hemab Therapeutics Holdings, Inc.		Biological Products, (No Diagnostic Substances)	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
REA	Rare Earths Americas, Inc.		Metal Mining	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
QLEP	Quantum Leap Acquisition Corp		Blank Checks	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
ASFH	ASIAFIN HOLDINGS CORP.	OTC	Services-Business Services, NEC	Apr 28, 2026	$0.51	N/A	+0.0%	$41.8M	N/A
GMRS	GMR Solutions Inc.		Transportation Services	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
IACQ	Irenic Acquisition Corp.		Blank Checks	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
CXII	Churchill Capital Corp XII		Blank Checks	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
PLUN	Plutonian Acquisition Corp. II		Blank Checks	Apr 28, 2026	N/A	N/A	N/A	N/A	N/A
CAII	Collective Acquisition Corp. II		Blank Checks	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
SUJA	SUJA LIFE, INC.		Beverages	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
SPTX	Seaport Therapeutics, Inc.		Pharmaceutical Preparations	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
MOBI	Mobia Medical, Inc.		Surgical & Medical Instruments & Apparatus	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
TRWD	Tradewinds Universal	OTC	Food and Kindred Products	Apr 27, 2026	$0.08	N/A	-31.4%	N/A	N/A
SKAI	Sky Acquisition Group		Blank Checks	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
HAWK	HawkEye 360, Inc.		Services-Computer Processing & Data Preparation	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
RREV	RRE Ventures Acquisition Corp.		Blank Checks	Apr 27, 2026	N/A	N/A	N/A	N/A	N/A
SNOA	Sonoma Pharmaceuticals, Inc.	Nasdaq	Surgical & Medical Instruments & Apparatus	Apr 27, 2026	$1.11	N/A	-6.3%	$5.0M	N/A
XE	X-Energy, Inc.		Fabricated Plate Work (Boiler Shops)	Apr 27, 2026	$35.93	N/A	-5.1%	$9.0B	N/A
AUUD	AUDDIA INC.	Nasdaq	Services-Computer Processing & Data Preparation	Apr 27, 2026	$1.50	N/A	+15.3%	$866,515.00	N/A
OTAI	Starlink AI Acquisition Corp		Blank Checks	Apr 24, 2026	N/A	N/A	N/A	N/A	N/A
ETSS	Energy Transition Special Opportunities		Blank Checks	Apr 24, 2026	N/A	N/A	N/A	N/A	N/A
SBMT	SILVER BOW MINING CORP.		Gold and Silver Ores	Apr 24, 2026	N/A	N/A	N/A	N/A	N/A
AIAI	AIAI Holdings Corp		Services-Computer Processing & Data Preparation	Apr 24, 2026	N/A	N/A	N/A	N/A	N/A
NUCL	Eagle Nuclear Energy Corp.	Nasdaq	Miscellaneous Metal Ores	Apr 24, 2026	$11.49	N/A	-6.6%	$317.4M	N/A
PS	PERSHING SQUARE INC.		Investment Advice	Apr 23, 2026	N/A	N/A	N/A	N/A	N/A
RACC	Research Alliance Corp III		Blank Checks	Apr 23, 2026	N/A	N/A	N/A	N/A	N/A
AVLN	Avalyn Pharma Inc.		Pharmaceutical Preparations	Apr 23, 2026	N/A	N/A	N/A	N/A	N/A
APUR	Aperture AC		Blank Checks	Apr 23, 2026	N/A	N/A	N/A	N/A	N/A
YSWY	Yesway, Inc.	Nasdaq	Retail-Grocery Stores	Apr 23, 2026	$22.50	N/A	+7.7%	$704.7M	N/A
ELMT	Elmet Group Co.		Miscellaneous Fabricated Metal Products	Apr 23, 2026	$16.19	N/A	-6.4%	$437.3M	N/A
LABT	Lakewood-Amedex Biotherapeutics Inc.		Pharmaceutical Preparations	Apr 23, 2026	$3.66	N/A	+6.3%	$54.5M	N/A
TDIC	Dreamland Ltd	Nasdaq	Services-Management Services	Apr 23, 2026	$1.06	N/A	+3.8%	$30.4M	N/A
ARCL	ARC Group Acquisition I Corp.		Blank Checks	Apr 22, 2026	N/A	N/A	N/A	N/A	N/A
EXYN	Exyn Technologies, Inc.		Services-Prepackaged Software	Apr 21, 2026	N/A	N/A	N/A	N/A	N/A
SEV	Aptera Motors Corp	Nasdaq	Motor Vehicles & Passenger Car Bodies	Apr 21, 2026	$2.92	N/A	-3.4%	$69.3M	N/A
CLGN	CollPlant Biotechnologies Ltd	Nasdaq	Orthopedic, Prosthetic & Surgical Appliances & Supplies	Apr 21, 2026	$0.41	N/A	-4.8%	$5.6M	N/A
DETX	LIBERTY DEFENSE HOLDINGS, LTD.	Nasdaq	Search, Detection, Navigation, Guidance, Aeronautical Sys	Apr 21, 2026	$4.36	N/A	-5.5%	$8.2M	N/A
GHYP	Grayscale HYPE ETF		Commodity Contracts Brokers & Dealers	Apr 20, 2026	N/A	N/A	N/A	N/A	N/A
WENC	West Enclave Merger Corp.		Blank Checks	Apr 20, 2026	N/A	N/A	N/A	N/A	N/A
AVEX	AEVEX Corp.	NYSE	Aircraft	Apr 20, 2026	$33.95	N/A	-11.9%	$1.5B	N/A
VIDA	VIDA Global Inc.		Services-Prepackaged Software	Apr 17, 2026	N/A	N/A	N/A	N/A	N/A
ALMR	Alamar Biosciences, Inc.	Nasdaq	Laboratory Analytical Instruments	Apr 17, 2026	$26.69	N/A	-2.2%	$1.7B	N/A
KLRA	Kailera Therapeutics, Inc.	Nasdaq	Pharmaceutical Preparations	Apr 17, 2026	$23.51	N/A	+1.3%	$3.1B	N/A
MAIR	Madison Air Solutions Corp	NYSE	Industrial & Commercial Fans & Blowers & Air Purifing Equip	Apr 17, 2026	$34.57	N/A	+0.1%	$6.1B	N/A
JATT	JATT II Acquisition Corp.	Nasdaq	Blank Checks	Apr 17, 2026	$10.94	N/A	-0.2%	$85.2M	N/A
ARXS	Arxis, Inc.		Aircraft Parts & Auxiliary Equipment, NEC	Apr 16, 2026	$35.23	N/A	-0.5%	$2.4B	N/A
QRED	QuasarEdge Acquisition Corp		Blank Checks	Apr 16, 2026	N/A	N/A	N/A	N/A	N/A
NHIV	NewHold Investment Corp IV		Blank Checks	Apr 16, 2026	N/A	N/A	N/A	N/A	N/A
ARTL	ARTELO BIOSCIENCES, INC.	Nasdaq	Pharmaceutical Preparations	Apr 16, 2026	$3.77	N/A	-5.3%	$3.3M	N/A
CTTH	CTT PHARMACEUTICAL HOLDINGS, INC.	OTC	Pharmaceutical Preparations	Apr 15, 2026	$0.07	N/A	+11.7%	$4.6M	N/A
CITR	CitroTech Inc.	NYSE	Chemicals & Allied Products	Apr 15, 2026	$6.55	N/A	-5.3%	N/A	N/A
ETHB	iShares Staked Ethereum Trust ETF	Nasdaq	Commodity Contracts Brokers & Dealers	Apr 15, 2026	$29.45	N/A	+0.4%	N/A	N/A
LILW	Little West Holdings Inc.		Beverages	Apr 14, 2026	N/A	N/A	N/A	N/A	N/A
BAVA	Bitwise Avalanche ETF		Commodity Contracts Brokers & Dealers	Apr 14, 2026	$24.64	N/A	+0.1%	N/A	N/A
NCPL	Netcapital Inc.	Nasdaq	Finance Services	Apr 14, 2026	$0.40	N/A	-0.2%	$3.1M	N/A
BTM	Bitcoin Depot Inc.	Nasdaq	Finance Services	Apr 13, 2026	$6.79	N/A	-11.3%	$35.8M	N/A
SMX	SMX (Security Matters) Public Ltd Co	Nasdaq	Misc Industrial & Commercial Machinery & Equipment	Apr 10, 2026	$1.56	N/A	+6.4%	$12.1M	N/A
VHUB	VenHub Global, Inc.	Nasdaq	Misc Industrial & Commercial Machinery & Equipment	Apr 9, 2026	$0.69	N/A	-3.4%	$56.3M	N/A
MOBX	MOBIX LABS, INC	Nasdaq	Semiconductors & Related Devices	Apr 9, 2026	$2.81	N/A	-9.6%	$26.2M	N/A
SBAQ	Subversive Bitcoin Acquisition Corp.		Blank Checks	Apr 8, 2026	N/A	N/A	N/A	N/A	N/A
AACP	Apogee Acquisition Corp		Blank Checks	Apr 8, 2026	N/A	N/A	N/A	N/A	N/A
TMCR	Metals Royalty Co Inc.	Nasdaq	Gold and Silver Ores	Apr 8, 2026	$13.22	N/A	+2.6%	$746.6M	N/A
QMLS	QumulusAI, Inc.		Services-Computer Processing & Data Preparation	Apr 7, 2026	N/A	N/A	N/A	N/A	N/A
STA	Starton Holdings, Inc.		Pharmaceutical Preparations	Apr 7, 2026	N/A	N/A	N/A	N/A	N/A
GBNB	Grayscale BNB ETF		Commodity Contracts Brokers & Dealers	Apr 7, 2026	N/A	N/A	N/A	N/A	N/A
ACGC	ACP Holdings Acquisition Corp.		Blank Checks	Apr 7, 2026	N/A	N/A	N/A	N/A	N/A
EMI	Encore Medical, Inc.		Surgical & Medical Instruments & Apparatus	Apr 6, 2026	N/A	N/A	N/A	N/A	N/A
MSBT	Morgan Stanley Bitcoin Trust	NYSE	Commodity Contracts Brokers & Dealers	Apr 6, 2026	$22.06	N/A	-0.8%	N/A	N/A
RPGL	Republic Power Group Ltd	Nasdaq	Services-Prepackaged Software	Apr 3, 2026	$0.69	N/A	+45.4%	$43.1M	N/A
ALOG	ALBERT ORIGIN ACQUISITION Corp		Blank Checks	Apr 2, 2026	N/A	N/A	N/A	N/A	N/A
GTAO	Grayscale Bittensor Trust (TAO)	OTC	Commodity Contracts Brokers & Dealers	Apr 2, 2026	$7.20	N/A	+1.8%	N/A	N/A
LONA	LeonaBio, Inc.	Nasdaq	Biological Products, (No Diagnostic Substances)	Apr 2, 2026	$8.35	N/A	+4.1%	$81.6M	N/A
VIVS	VivoSim Labs, INC.	Nasdaq	Biological Products, (No Diagnostic Substances)	Apr 2, 2026	$1.50	N/A	-0.7%	$4.3M	N/A
KPET	KPET Ultra Paceline Corp		Blank Checks	Apr 1, 2026	N/A	N/A	N/A	N/A	N/A
HMH	HMH Holding Inc	Nasdaq	Oil & Gas Field Machinery & Equipment	Apr 1, 2026	$21.00	N/A	-2.1%	$216.3M	N/A
SPEX	Spectre Acquisition Corp		Blank Checks	Mar 31, 2026	N/A	N/A	N/A	N/A	N/A
CANE	Teucrium Commodity Trust	NYSE	Commodity Contracts Brokers & Dealers	Mar 31, 2026	$9.39	N/A	+1.8%	N/A	N/A
AMZE	AMAZE HOLDINGS, INC.	NYSE	Retail-Catalog & Mail-Order Houses	Mar 31, 2026	$0.15	N/A	-4.3%	$5.8M	N/A
FUSE	Fusemachines Inc.	Nasdaq	Services-Computer Integrated Systems Design	Mar 30, 2026	$1.84	N/A	-4.9%	$50.6M	N/A
PAXG	Pine Tree Acquisition Corp.		Blank Checks	Mar 30, 2026	N/A	N/A	N/A	N/A	N/A
IPFX	Inflection Point Acquisition Corp. VI		Blank Checks	Mar 30, 2026	N/A	N/A	N/A	N/A	N/A
CYAB	CYABRA, INC.	Nasdaq	Services-Prepackaged Software	Mar 27, 2026	$0.97	N/A	+3.1%	$13.8M	N/A
QADR	QDRO Acquisition Corp.		Blank Checks	Mar 27, 2026	N/A	N/A	N/A	N/A	N/A
FMAC	Future Money Acquisition Corp		Blank Checks	Mar 27, 2026	N/A	N/A	N/A	N/A	N/A
LOBO	LOBO TECHNOLOGIES LTD.	Nasdaq	Motorcycles, Bicycles & Parts	Mar 25, 2026	$0.65	N/A	+4.0%	$8.6M	N/A
GMTL	Guardian Metal Resources PLC	NYSE	Metal Mining	Mar 23, 2026	$20.59	N/A	-8.2%	$734.5M	N/A
TKVA	Salspera, Inc.		Pharmaceutical Preparations	Mar 20, 2026	N/A	N/A	N/A	N/A	N/A
UCAR	U Power Ltd	Nasdaq	Miscellaneous Electrical Machinery, Equipment & Supplies	Mar 20, 2026	$1.81	N/A	-0.6%	$3.8M	N/A
BHAV	BHAV Acquisition Corp		Blank Checks	Mar 20, 2026	$9.88	N/A	+0.1%	$105.7M	N/A
BWIV	Blue Water Acquisition Corp. IV		Blank Checks	Mar 20, 2026	N/A	N/A	N/A	N/A	N/A
AFNX	AfterNext Acquisition I Corp.		Blank Checks	Mar 19, 2026	N/A	N/A	N/A	N/A	N/A
AFA	FARLONG HOLDING Corp		Medicinal Chemicals & Botanical Products	Mar 18, 2026	N/A	N/A	N/A	N/A	N/A
BWGC	BW Industrial Holdings Inc.		General Bldg Contractors - Nonresidential Bldgs	Mar 17, 2026	N/A	N/A	N/A	N/A	N/A
CRGT	Cortigent, Inc.		Electromedical & Electrotherapeutic Apparatus	Mar 17, 2026	N/A	N/A	N/A	N/A	N/A
SWMR	Swarmer, Inc	Nasdaq	Services-Prepackaged Software	Mar 17, 2026	$38.71	N/A	+0.9%	$482.2M	N/A
OPTN	Option Therapeutics Inc.		Pharmaceutical Preparations	Mar 16, 2026	N/A	N/A	N/A	N/A	N/A
IBG	Innovation Beverage Group Ltd	Nasdaq	Beverages	Mar 16, 2026	$1.09	N/A	-2.8%	$1.9M	N/A
GDNT	Guident Corp.		Services-Prepackaged Software	Mar 13, 2026	N/A	N/A	N/A	N/A	N/A
PONO	Pono Capital Four, Inc.		Blank Checks	Mar 13, 2026	N/A	N/A	N/A	N/A	N/A
GAVA	Grayscale Avalanche Staking ETF	Nasdaq	Commodity Contracts Brokers & Dealers	Mar 12, 2026	$22.30	N/A	-0.7%	N/A	N/A
PAYP	PayPay Corp	Nasdaq	Services-Business Services, NEC	Mar 12, 2026	$20.23	N/A	+0.2%	$13.7B	N/A
MTAL	Metals Acquisition Corp. II		Blank Checks	Mar 12, 2026	$10.05	N/A	+0.3%	$231.8M	N/A
ADBT	Advasa Holdings, Inc.		Services-Prepackaged Software	Mar 11, 2026	N/A	N/A	N/A	N/A	N/A
SUMA	SUMA Acquisition Corp		Blank Checks	Mar 11, 2026	$9.87	N/A	-0.1%	$174.5M	N/A
TVIV	Texas Ventures Acquisition IV Corp		Blank Checks	Mar 10, 2026	N/A	N/A	N/A	N/A	N/A
BREZ	Breeze Acquisition Corp. II		Blank Checks	Mar 9, 2026	N/A	N/A	N/A	N/A	N/A
LBZZ	Lendbuzz Inc.		Personal Credit Institutions	Mar 6, 2026	N/A	N/A	N/A	N/A	N/A
MMED	MiniMed Group, Inc.	Nasdaq	Surgical & Medical Instruments & Apparatus	Mar 6, 2026	$12.92	N/A	+0.1%	$3.6B	N/A
GLED	GalaxyEdge Acquisition Corp	NYSE	Blank Checks	Mar 6, 2026	$9.89	N/A	+0.0%	$152.6M	N/A
PPCB	Propanc Biopharma, Inc.	Nasdaq	Pharmaceutical Preparations	Mar 6, 2026	$0.10	N/A	+2.4%	$2.3M	N/A
GLEI	Galaxy Enterprises Inc.	OTC	Real Estate Agents & Managers (For Others)	Mar 5, 2026	N/A	N/A	N/A	N/A	N/A
APN	APEIRON ACQUISITION VEHICLE I		Blank Checks	Mar 5, 2026	N/A	N/A	N/A	N/A	N/A
YCBD	cbdMD, Inc.	NYSE	Perfumes, Cosmetics & Other Toilet Preparations	Mar 4, 2026	$0.97	N/A	-6.2%	$9.6M	N/A
GLND	Greenland Energy Co	Nasdaq	Drilling Oil & Gas Wells	Mar 3, 2026	$5.41	N/A	-40.9%	$83.7M	N/A
DMNT	DMINT, Inc.		Finance Services	Mar 3, 2026	N/A	N/A	N/A	N/A	N/A
LTGR	Long Table Growth Corp.		Blank Checks	Mar 2, 2026	N/A	N/A	N/A	N/A	N/A
ILLU	Illumination Acquisition Corp. I		Blank Checks	Feb 27, 2026	$9.83	N/A	+0.2%	$232.7M	N/A
GENB	Generate Biomedicines, Inc.	Nasdaq	Pharmaceutical Preparations	Feb 27, 2026	$12.45	N/A	+0.2%	$1.6B	N/A
TRAD	APEX Tech Acquisition Inc.		Blank Checks	Feb 27, 2026	$9.89	N/A	-0.1%	$144.6M	N/A
MZYX	MOZAYYX Acquisition Corp.		Blank Checks	Feb 26, 2026	$9.88	N/A	+0.0%	$296.4M	N/A
TRGS	TRG Latin America Acquisitions Corp.		Blank Checks	Feb 26, 2026	$9.90	N/A	+0.0%	$206.5M	N/A
HIFI	Hillhouse Frontier Holdings Inc.		Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies	Feb 23, 2026	N/A	N/A	N/A	N/A	N/A
BCAC	Brookline Capital Acquisition Corp II		Blank Checks	Feb 23, 2026	N/A	N/A	N/A	N/A	N/A
IDAC	Iron Dome Acquisition I Corp.		Blank Checks	Feb 20, 2026	N/A	N/A	N/A	N/A	N/A
HCWB	HCW Biologics Inc.	Nasdaq	Pharmaceutical Preparations	Feb 19, 2026	$0.44	N/A	-8.9%	$2.7M	N/A
LPSL	Launchpad Streetlight Acquisition Corp		Blank Checks	Feb 19, 2026	N/A	N/A	N/A	N/A	N/A
CBRS	Cerebras Systems	NASDAQ	AI Chip Design	Feb 15, 2026	$45.00	N/A	N/A	N/A	N/A
DSS	DSS, INC.	NYSE	Paperboard Containers & Boxes	Feb 5, 2026	$0.55	N/A	-0.8%	$5.4M	N/A
AKAN	AKANDA CORP.	Nasdaq	Medicinal Chemicals & Botanical Products	Jan 21, 2026	$12.10	N/A	+44.5%	$9.3M	N/A