AI IPO Watch

Tracking the AI companies most likely to go public. Updated as news breaks.

Last updated: April 21, 2026

Anthropic

likely
$400-500B (est.)
Timeline: Q4 2026 (targeted)
Revenue: $30B+ annualized
Bankers: Goldman Sachs, JPMorgan

Crossed $30B annualized revenue. Goldman Sachs and JPMorgan advising. $60B raise targeted. Strongest candidate for 2026 AI IPO.

Databricks

likely
$134B (last round)
Timeline: 2026 (likely)
Revenue: $4.8B run rate
Bankers: Not disclosed

55% YoY revenue growth. FCF positive. Most mature IPO candidate among enterprise AI companies.

OpenAI

watching
$300B+ (est.)
Timeline: Uncertain
Revenue: $20B+ annualized
Bankers: Not disclosed

Structured as capped-profit, not standard C-corp. Corporate restructuring required before IPO. Timeline depends on governance changes.

Scale AI

watching
$14B (last round)
Timeline: No confirmed 2026 date
Revenue: Not disclosed
Bankers: Not disclosed

Data labeling and evaluation platform. Government contracts growing. IPO possible but no confirmed timeline.

Cohere

watching
$5.5B (last round)
Timeline: No confirmed date
Revenue: Not disclosed
Bankers: Not disclosed

Enterprise LLM focused on private deployments. Strong in regulated industries. Smaller profile than peers.

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