Goldman Sachs now expects 100 IPOs totaling $160 billion in 2026, down from its earlier 120‑IPO forecast.
Average first‑day return for 2026 IPOs is projected at 19%, with Q2’s first three weeks showing a 27% average surge.
Software sector accounts for 20% of the 2025 IPO backlog, posing a downside risk despite 53 companies filing YTD.
SpaceX aims for a late‑June debut, targeting $75 billion raise and a valuation above $1.75 trillion, the largest IPO ever.