Largest IPO by market cap in 2026?
Market Description
This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026. This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used. A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded. In the event of an interruption in the course of the normal trading session on the respective companies’ first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.
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Ahead of the issue opening, agrochemical company GSP Crop Science raised ₹120 crore from two anchor investors. Mauritius-based Craft Emerging Market Fund PCC was the largest investor in the anchor book, purchasing nearly 25 lakh shares through two investment vehicles - Citadel Market Fund and Elite Capital Fund - for ₹80 crore. Shine Star Build Cap was the other anchor investor, acquiring 12.5 lakh shares worth ₹40 crore.
Bharat Coking Coal Limited's ₹1,071 crore IPO achieved record 147x oversubscription with ₹1.1 lakh crore in bids, driven by the company's monopolistic position as India's largest coking coal producer. The issue attracted 90 lakh applications across all categories, with institutional investors subscribing 311x and retail investors 49x their quotas. Valued at ₹10,711 crore market cap and 6.4x EV/EBITDA, the company controls over one-fifth of India's coking coal resources with 7.91 billion tonnes in reserves and plans to expand washery capacity to 20.65 million tonnes per annum.
SpaceX's valuation has reached $800 billion, a figure that eclipses the combined market cap of America's six largest defense contractors.
India Business News: Tata Capital's Rs 15,511-crore IPO, the largest by a Tata Group entity and NBFC, opens October 6-8, priced at Rs 310-326 per share. The offer includes
(Reuters) -Firefly Aerospace will begin trading on the Nasdaq on Thursday after raising $868.3 million in the largest U.S. listing this year by a space tech company. That is ahead of both Trive Capital-backed Karman Holdings and Voyager Technologies, which went public earlier this year. "I think we will continue to see strong debuts for large-cap IPOs for the remainder of the year," said Ross Carmel, partner at law firm Sichenzia Ross Ference Carmel.
(Reuters) -Firefly Aerospace will begin trading on the Nasdaq on Thursday after raising $868.3 million in the largest U.S. listing this year by a space tech company. That is ahead of both Trive Capital-backed Karman Holdings and Voyager Technologies, which went public earlier this year. "I think we will continue to see strong debuts for large-cap IPOs for the remainder of the year," said Ross Carmel, partner at law firm Sichenzia Ross Ference Carmel.
CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.
LIC recorded a significant decline in valuation on June 6 with market cap dropping below ₹5 lakh crore. Although, LIC continues to hold the seven largest company title in terms of market cap on BSE.
Russia's Mercury Retail Group on Wednesday said it aims to raise $1.2 billion-1.3 billion in a Moscow initial public offering this month, giving it a market capitalisation of $12 billion-$13 billion, the largest for a Russian listing in the post-sanctions era.
Abu Dhabi National Oil Company (ADNOC) will list on Sunday its drilling unit in a $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.