Five Major IPOs Set to Launch, Promising Market Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 hours ago
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Source: renaissancecapital
- Madison Air Solutions IPO: Madison Air Solutions is set to raise $2.2 billion in what will be the largest IPO of 2026, with a market cap of $12.9 billion, as its products provide critical air management solutions in data centers and semiconductor manufacturing, which is expected to significantly enhance its market share and revenue stability.
- Rapid Growth of Arxis: Arxis plans to raise $1.0 billion with a market cap of $10.9 billion, having completed 32 acquisitions since its formation in 2019; despite a 4.2x net debt to EBITDA ratio, its profitability and expanding EBITDA margins indicate strong growth potential.
- Kailera Therapeutics Enters Biotech: Kailera Therapeutics aims to raise $500 million at a $1.9 billion market cap, focusing on developing GLP-1 based drugs for obesity, with its lead candidate currently in global Phase 3 trials, which is expected to enhance the company's competitiveness in the biopharmaceutical sector.
- Aevex Defense Systems: Aevex plans to raise $312 million at a $2.2 billion market cap, specializing in the development of drones and autonomous systems, expecting to recognize 97% of its funded backlog in 2026; although it has a 6.1x net debt to EBITDA ratio, strong demand in the defense market will support future growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
