3 of the Most Highly Anticipated IPOs of 2026

• Anthropic's annual recurring revenue surged from $1 billion in late 2024 to $14 billion in early 2026, driven by its Claude LLM platform
• Discord has grown from 11 million users in 2016 to 656 million currently, with 37% of Americans ages 18-34 as active users; seeking IPO at $15 billion valuation
• Plaid raised $575 million in April 2025 at a $6.1 billion valuation and reported record revenue with positive operating margins, connecting over 150 million global consumers' financial accounts

Summary: Three Major IPOs Expected in 2026

Key Companies and Valuations

Anthropic leads the anticipated IPOs with extraordinary financial growth. The AI company's Claude large language model has driven annual recurring revenue from $1 billion in late 2024 to $14 billion in early 2026. With 18-20 million monthly active users, Anthropic operates as a public benefit corporation focused on reliable and steerable AI models.

Discord, the communications platform, has evolved from a gaming-focused service to a global communications giant with 656 million registered users—up from 350 million in 2021. The company confidentially filed for IPO in January 2026 at a $15 billion valuation. Notably, 37% of Americans ages 18-34 are active users.

Plaid, continuing 2025's fintech IPO trend, serves as an intermediary connecting users' financial accounts across approximately 7,000 apps and 12,000 financial platforms. The company supports roughly 150 million global consumers and reaches one in every two U.S. adults. Following a $575 million funding round in April 2025, Plaid achieved a $6.1 billion valuation—down from its 2021 peak of $13 billion—though the company reported record revenue and positive operating margins in 2025.

Market Context

Other notable companies preparing for potential 2026 IPOs include:

• Canva: Graphic design platform targeting $42 billion valuation with $4 billion in annual recurring revenue
• Liquid Death: Beverage company valued at $1.4 billion following a $67 million financing round
• SpaceX and OpenAI: Also rumored to be pursuing public listings

The 2026 IPO landscape spans diverse sectors beyond 2025's fintech dominance, including AI, aerospace, graphic design, and consumer goods.