After a prolonged period of stagnation in the initial public offering (IPO) market, signs of revitalization are emerging as 2026 approaches. Crunchbase has meticulously analyzed the landscape and identified 15 private companies that are well-positioned to make their public debut, provided that market conditions continue to improve. This analysis leverages Crunchbase’s predictive intelligence tools, which assess various factors such as funding history, growth signals, investor mix, and market timing. The companies span multiple sectors, including artificial intelligence (AI), fintech, defense, space, cybersecurity, healthcare, and consumer technology.
The resurgence of the IPO market is attributed to several key factors. Firstly, improving public-market conditions have created a more favorable environment for companies looking to go public. Stabilizing interest rates and a renewed appetite from investors for growth-oriented companies are also contributing to this shift. As a result, a growing cohort of late-stage private companies is increasingly prepared to take the leap into the public markets.
In the realm of AI and enterprise technology, several companies stand out as strong candidates for an IPO. Crusoe Energy Systems, a Denver-based AI infrastructure unicorn, recently closed a $1.4 billion Series E funding round, achieving a valuation exceeding $10 billion. The company is scaling rapidly, driven by the expanding generative AI market, making it a probable candidate for a public exit. Databricks, another prominent player in this sector, has been on the IPO radar since 2021. With a staggering valuation of $134 billion and a revenue run rate of over $4.8 billion, Databricks is experiencing year-over-year growth exceeding 55%. Its focus on AI products, which contributed $1 billion to its revenue, positions it as a very likely IPO candidate.
Cohere, co-headquartered in Toronto and San Francisco, is another AI model developer that has garnered attention. Recently valued at $7 billion with $150 million in annual recurring revenue, Cohere focuses on providing secure AI solutions for enterprises and governments. The company’s founder and CEO, Aidan Gomez, has expressed interest in pursuing a public listing in the near future, further solidifying its status as a probable IPO candidate.
Canva, the popular design platform based in Sydney, Australia, is also poised for a potential IPO in 2026. With a valuation of $42 billion and an impressive annualized revenue of $3.3 billion, Canva boasts a user base of 240 million monthly active users. The recent public debut of competitor Figma, which went public at a valuation of $16.1 billion, adds further validation to Canva’s readiness for the public markets.
In the quantum computing space, Quantinuum is making waves as a probable IPO candidate. Formed through the merger of Honeywell Quantum Solutions and Cambridge Quantum, Quantinuum has raised $925 million from venture investors, including a significant $600 million Series B round backed by Nvidia. The company is targeting a public listing in 2026 or 2027, reflecting the ongoing interest in quantum technology and its potential applications across various industries.
The space and defense sectors are also witnessing a surge in IPO interest. K2 Space, a Torrance, California-based startup, has secured over $400 million in funding since 2024, culminating in a $250 million Series C round at a $3 billion valuation. The company specializes in developing large, high-power satellite platforms and has already signed contracts worth $500 million with commercial and U.S. government customers. Crunchbase predicts that K2 Space is a probable candidate for an IPO.
SpaceX, led by Elon Musk, is another major player eyeing the public markets. The company is reportedly targeting a record-breaking IPO valuation of $1.5 trillion, which would make it the largest VC-backed listing of all time. With an estimated revenue of $15 billion in 2025, primarily from its rapidly growing StarLink satellite internet business, SpaceX’s ambitions for an IPO align with the increasing investor appetite for space technology.
Anduril Industries, a defense tech leader founded by Oculus co-founder Palmer Luckey, has emerged as a significant player in the defense sector. The company raised $2.5 billion in its Series G funding round, achieving a valuation of $30.5 billion. With strong connections to the U.S. military and a focus on modernizing defense technologies, Anduril is deemed a very likely IPO candidate.
In the health and consumer tech sectors, Innovaccer stands out as a probable IPO candidate. The San Francisco-based company provides an AI-enabled data and intelligence platform for healthcare providers and has raised considerable capital, including a recent Series F round. With strategic backers like Kaiser Permanente and a growing workforce of 1,200 employees, Innovaccer appears well-prepared for a public market debut.
Nothing, a London-based hardware maker, is taking a unique approach to its potential IPO. The company aims to be “IPO-ready” within three years while engaging its community to invest at a $1.3 billion Series C valuation. With over 7 million devices sold and reported lifetime sales exceeding $1 billion, Nothing’s rapid growth, particularly in markets like India and Japan, positions it as a probable IPO candidate.
Cybersecurity remains a robust area for venture investment, and Huntress is one of the faster-growing startups in this space. The company offers cybersecurity products tailored for small and medium-sized businesses lacking dedicated security teams. With projected revenues between $185 million and $190 million and a year-over-year growth rate of 60%, Huntress is seen as a strong candidate for an IPO in the coming years.
Ledger, a crypto wallet startup based in Paris, is also eyeing the public markets. While its IPO prediction has shifted from “very likely” to “probable,” the company continues to show strong signs of readiness. Ledger secures approximately $100 billion worth of bitcoin for its customers and has raised $577 million from notable investors. CEO Pascal Gauthier has indicated that Ledger is actively considering a U.S. stock market debut within the next three years.
In the fintech sector, several companies are making headlines as potential IPO candidates. Plaid, a fintech company that connects bank accounts to financial applications, has a “very likely” IPO prediction from Crunchbase. The company recently sold about $575 million worth of common stock at a $6.1 billion post-money valuation. Despite stating that it would not go public in 2025, Plaid confirmed that an IPO remains a milestone it is tracking toward.
Revolut, a digital bank based in London, has achieved a valuation of $75 billion following a secondary share sale. With over 65 million customers across 100 countries and an annualized revenue of $1 billion, Revolut is also considered a “very likely” candidate for an IPO. However, the company is awaiting approval for its full U.K. banking license before proceeding with its public offering.
Monzo, another U.K.-based banking platform, is similarly eyeing an IPO in 2026. The company reported revenue exceeding $1.35 billion and a customer base of 12.2 million in its last fiscal year. Monzo’s valuation reached $5.9 billion after selling shares to existing investors, and Crunchbase predicts a “very likely” IPO for the company.
While these companies exhibit strong signals indicating their readiness for an IPO, it is essential to note that predictions are not guarantees. Market conditions and internal readiness will ultimately dictate the timing of any public offerings. As the IPO market gains momentum, these companies are positioned to capitalize on the renewed interest from investors seeking growth opportunities.
Crunchbase’s predictions are grounded in real data rather than speculation. By analyzing funding and valuation trends, financial growth, key leadership hires, market share expansion, and headcount growth, Crunchbase provides a comprehensive assessment of the likelihood of a private company launching an IPO. As we move into 2026, the landscape for IPOs is evolving, and these 15 companies are at the forefront of this transformation, ready to make their mark on the public markets.