$QNT #IPO: Quantinuum Inc. (QNT) priced 28.0mm shares (upsized from 26.5mm) at $60.00 ($5 above the upwardly-revised range) and will debut on Thursday.
Applied Aerospace & Defense, Inc. (AADX) priced a full-size deal of 32.5mm shares at $20.00 (upper half of the range) and opened at $20.75 for a gain of 3.8% at first trade. #IPO $AADX
Applied Aerospace & Defense, Inc. (AADX) priced a full-size deal of 32.5mm shares at $20.00 (upper half of the range) and will debut on Wednesday. #IPO $AADX
5/5 💰 Capital expenditures remain staggering, especially in AI where the company spent $12.7B in 2025 alone. Investors are betting today’s spending spree creates tomorrow’s dominant infrastructure platform. $SPCX
10/ Looking ahead, next week’s IPO calendar is light with only Lincoln International ($LCLN) expected to debut.
But after the monster performances from $CBRS and $FRVO, the broader takeaway is simple:
The IPO market is alive again — especially for AI-linked stories.
1/ AI IPO mania is officially here.
This week’s IPO market was dominated by one theme: investors aggressively chasing AI infrastructure, power demand, and next-gen compute platforms.
Leading the charge? Cerebras Systems ($CBRS). 🚀
9/ Meanwhile, GMR Solutions ($GMRS) struggled.
• IPO priced BELOW the original range
• Opened down 10%
• Closed week: $13.37
Leverage concerns and private equity overhang weighed heavily on sentiment.