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● This Week in Pre-IPO

Week of 09/21/2026 – 09/27/2026

No new deep dives this week — filing watch, the IPO tape and the engine-vs-Street record.

1 · New deep dives

No new deep dives were published this week.

2 · Filing watch

Roster names whose status is at or past a filing — ordered by last mark. Statuses are as recorded on the roster; a confidential draft is reported, not visible on EDGAR.

CompanyStatusYearLast mark
Anthropicfiled2027$1T
Sheinfiled2026$50B
Rippleexpected2026$19.1B
Discordfiled2026$15B
Nscalefiled2026$14.6B
Ourafiled2026$11B
Switchfiled_confidentially2026$11B
Krakenexpected2026$10.9B
Grafana Labsexpected2026$9.5B
Bolt (Mobility)imminent—$8.4B
Blockchain.comfiled2026$7B
StravaConfidentially filed for IPO2026$2.2B

3 · The IPO tape

Recent major-exchange debuts: return since offer price and the engine’s live read.

Recent IPOs tracked
29
Avg return since offer
-7.7%
Engine reads Buy / Sell
3 / 2

Best since offer

  • VOGX Vogenx Inc. +74.8% · engine Sell
  • SCTX Scribe Therapeutics Inc. +41.9% · engine Underweight
  • TCGX TCGX Acquisition Corp. +41.0% · engine Buy
  • IMC IMC Rare Earths Ltd. +36.0% · engine Underweight
  • APMD Apnimed Inc. +31.8% · engine Neutral

Worst since offer

  • UCL Ucloudlink Group Inc -98.0%
  • BAOS Baosheng Media Group Holdings Ltd -94.7% · engine Underweight
  • BTLN Brightline Interactive Inc. -90.9% · engine Buy
  • SNSC SunScout Holding Ltd -74.0% · engine Neutral
  • ITG ITG Inc. -34.5% · engine Neutral

4 · Engine vs Street

Record since 2026-08-19
124–120 (138 push)
Open calls
55
Engine win rate
50.8%

Every call is on the record before it resolves — see the full ledger.

5 · The IPO Ledger

Every pre-IPO name at or past a filing stage carries a dated valuation range, published before the deal prices and graded in public when it lists.

The IPO Ledger was unavailable when this edition was built.

Every number above is on the site, dated and graded. Track the pre-IPO roster, filings and secondary marks on the Private Companies dashboard.

Open Private Companies →