FreeMalta · IPO Watch · Updated July 2026
What We Know, What We Don't,
and What It's Worth.
20 companies. $3+ trillion in combined private market value. Anthropic filed its S-1 on June 1. OpenAI followed on June 8. Revolut is telling investors $200 billion. Stripe may buy PayPal instead. This is the most anticipated IPO cycle since 2021 — and unlike 2021, most of these companies are actually making money.
Last updated: July 19, 2026 · FreeMalta Editorial · Disclaimer
Anthropic
AI
The one that filed first and means it.
$965B
Oct–Dec 2026
S-1 Filed
OpenAI
AI
The most anticipated. The most complicated.
$852B
Q1 2027
S-1 Filed
DeepSeek
AI
The one that broke the narrative for $6 million.
Unknown
2027–2028
Speculative
Cohere
AI
The enterprise AI play nobody talks about.
$5.5B
2027–2028
No S-1
Cerebras
AI
Listed. Up 108% on debut. The AI chip play that wasn't supposed to work.
$8.8B
Listed May 2026
Public (CBRS)
CoreWeave
AI
Nvidia's favourite cloud. The one with the actual chips.
$23B+
Late 2026
Exploring
Anduril Industries
Defence
Palmer Luckey's second act. Autonomous weapons. $28 billion.
$28B
2027
No S-1
Shield AI
Defence
The AI pilot that doesn't need a human.
$2.7B
2027
No S-1
Saronic
Defence
Autonomous warships. Built in Austin.
$4B
2027–2028
No S-1
Revolut
Fintech
Europe's most valuable startup. Malta licensed. CEO says two years.
$75B–$200B
2027–2028
No S-1
Stripe
Fintech
The Irish kid who might buy PayPal instead of listing.
$159B
2027–2028
No S-1
Databricks
AI / Data
The profitable AI company nobody is talking about.
$134B
H2 2026
Expected S-1
Kraken
Crypto
One of the oldest crypto exchanges. Regulatory headwinds clearing.
$10B–$15B
2026–2027
Exploring
Blockchain.com
Crypto
The original Bitcoin wallet. 40 million users. IPO delayed repeatedly.
$14B
2026–2027
Exploring
Canva
Design / SaaS
Melanie Perkins was told no by 100 investors. Then she built a $40B company.
$40B
2027
No S-1
Shein
E-Commerce
The $45B fast fashion machine that nobody fully understands.
$45B
2026–2027
Exploring
Waymo
Autonomous Vehicles
Google's autonomous car division. 15 years. Still not public.
$45B
2027
Alphabet Spinoff Rumoured
Starlink / SpaceX
Space / Telecom
SpaceX is public. Starlink might be next.
$1.77T
2027
SpaceX Listed (SPCX)
Epic Games
Gaming
Fortnite's parent company. $31.5B. The legal wars are mostly over.
$31.5B
2027
No S-1
OnlyFans
Creator Economy
Profitable. Enormous. The IPO that banks won't touch conventionally.
$10B–$20B
2026–2027
SPAC / Alternative Explored
Disclaimer: This page is editorial analysis, not financial advice. Valuations are from private market transactions, secondary sales, and media reports — not public market pricing. IPO timelines are speculative. FreeMalta is an OpenAI Select Partner but has no financial relationship with any company listed on this page. Do your own research before making any investment decision.