- Home
- IPO tracker
IPO tracker: neolabs and neoclouds
Which AI labs and AI clouds on the ledger have gone public since 2025, which have filed, and which are only reported to be preparing. Each step is dated and tied to a filing, an exchange notice, a company statement or a named report. A plan in the press is marked Reported until a filing exists.
Listed since 2025119 clouds, 2 labs
In registration1public filing, not yet listed
Withdrawn or postponed2
Reported plans8no public filing
This page records filings and statements. It carries no share prices, expected valuations or opinions on any offering. EveryNeo is an independent informational project. Nothing here is investment, legal or financial advice. Disclaimer
In registration
Companies with a public registration statement that have not listed yet.
| Company | Proposed listing | Latest step | Date | Steps on record | Source · checked |
|---|---|---|---|---|---|
| NNscale | NYSE: NSCL | Filed Amendment No. 1 to its Form S-1; states it has applied to list ordinary shares on the NYSE under the proposed ticker NSCL. | 12 Nov 2026 | 6 steps | sec.gov We have applied to list our ordinary shares on the New York Stock Exchange (“NYSE”) under the symbol “NSCL”.checked 15 Nov 2026 |
Listed since 2025
| Class | Exchange: ticker | Route | What the source states | Status | Source · checked | ||
|---|---|---|---|---|---|---|---|
| QQumulusAI | Neocloud | Nasdaq: QMLS | Jul 2026 | Direct listing | Direct listing of common stock on the Nasdaq Global Market under the ticker QMLS; no shares sold by the company in the listing. | Confirmed | |
| CCerebras Systems | Neocloud | Nasdaq: CBRS | 15 May 2026 | IPO | Closed its initial public offering of Class A common stock, including 4,500,000 shares from the underwriters' option; gross proceeds $6.4 billion. | Confirmed | sec.gov The gross proceeds to the Company from the initial public offering were $6.4 billion, before deducting underwriting discounts and commissionschecked 15 Nov 2026 |
| BBoost Run | Neocloud | Nasdaq: BRUN | 11 May 2026 | SPAC merger | Listed on Nasdaq through a business combination with SPAC Willow Lane Acquisition Corp. (closed 2026-05-08); Class A shares and warrants trade as BRUN and BRUNW. | Confirmed | sec.gov The Pubco Class A Common Stock and Pubco Public Warrants began trading on Nasdaq under the symbols “BRUN” and “BRUNW,” respectively, on May 11, 2026.checked 15 Nov 2026 |
| CChronoScale | Neocloud | Nasdaq: CHRN | 5 May 2026 | Merger with a listed company | Applied Digital cloud business combined with Nasdaq-listed Ekso Bionics; combined company scheduled to trade on Nasdaq under the ticker CHRN. | Confirmed | sec.gov On May 5, 2026, the Common Stock is expected to begin trading on The Nasdaq Capital Market (“Nasdaq”) under the symbol “CHRN.”checked 15 Nov 2026 |
| SSharon AI | Neocloud | Nasdaq: SHAZ | 19 Feb 2026 | IPO | Closed the offering of 4,166,666 Class A shares; net proceeds approximately $118.91 million. | Confirmed | sec.gov On February 19, 2026 the Company closed the Offering and issued the Firm Shares for aggregate net proceeds of approximately $118.91 millionchecked 15 Nov 2026 |
| MMiniMax | Neolab | HKEX | 9 Jan 2026 | IPO | Listed on the Hong Kong Stock Exchange; reported proceeds HK$4.8 billion. | Confirmed | scmp.com MiniMax raised HK$4.8 billion after pricing the shares at the top of the marketed range and exercising an upsized optionchecked 15 Nov 2026 |
| ZZhipu AI | Neolab | HKEX: 2513 | 8 Jan 2026 | IPO | Listed on the Hong Kong Stock Exchange under stock code 2513; reported proceeds HK$4.35 billion. | Confirmed | scmp.com Zhipu raised HK$4.35 billion as it became the first pure-play Chinese developer of AI large language models to trade on the Hong Kong stock exchange.checked 15 Nov 2026 |
| FFermi America | Neocloud | Nasdaq: FRMI | 1 Oct 2025 | IPO | Common stock approved for listing on the Nasdaq Global Select Market under the ticker FRMI; application also made to the London Stock Exchange. | Confirmed | sec.gov We have been approved to list our common stock on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “FRMI.”checked 15 Nov 2026 |
| WWhiteFiber | Neocloud | Nasdaq: WYFI | 8 Aug 2025 | IPO | Closed its initial public offering; gross proceeds $159,375,000. | Confirmed | sec.gov The gross proceeds to the Company from the initial public offering were $159,375,000, before deducting underwriting discounts and commissions and offering expenses.checked 15 Nov 2026 |
| GGalaxy Digital | Neocloud | Nasdaq: GLXY | 16 May 2025 | Moved from another exchange | Class A common stock began trading on the Nasdaq; the company had been listed on the Toronto Stock Exchange. | Reported | nbcsandiego.com Galaxy Digital began trading on the Nasdaq, completing a four-year effort to secure a U.S. listing despite regulatory hurdles.checked 15 Nov 2026 |
| CCoreWeave | Neocloud | Nasdaq: CRWV | 28 Mar 2025 | IPO | Class A common stock began trading on the Nasdaq Global Select Market under the ticker CRWV. | Confirmed | sec.gov March 28, 2025 (the date that our Class A common stock commenced trading on the Nasdaq Global Select Market)checked 15 Nov 2026 |
Companies that listed before 2025, including the former bitcoin miners, are on the listed neoclouds page.
Withdrawn or postponed
| Company | State | Date | What the source states | Status | Source · checked |
|---|---|---|---|---|---|
| FFirmus | Withdrawn | 9 Oct 2026 | Withdrew its planned initial public offering on the ASX; said it would pursue capital from private markets and consider other options. | Confirmed | ia.acs.org.au ASX hopeful Firmus has withdrawn its planned initial public offering (IPO), blaming “market volatility” for a lack of investor interestchecked 15 Nov 2026 |
| LLambda | Postponed | 6 Oct 2026 | Reported to have moved its planned listing from 2026 to 2027. | Reported | techcrunch.com the company was reportedly meant to debut this year, but has pushed that back amid market uncertaintychecked 15 Nov 2026 |
Reported plans
No public filing exists for these companies. The rows record what a named outlet reported or what the company said, with the date of the report.
| Company | Class | Venue named | Date | What the source states | Status | Source · checked |
|---|---|---|---|---|---|---|
| MMoonshot AI | Neolab | HKEX | 13 Nov 2026 | Reported to have submitted a confidential application to the Hong Kong Stock Exchange and to be winding up its Cayman holding company. | Reported | aiweekly.co A confidential application has been submitted to the Hong Kong Stock Exchangechecked 15 Nov 2026 |
| MMoonshot AI | Neolab | HKEX | 6 Oct 2026 | Reported to be preparing an IPO in Hong Kong targeting the first quarter of 2027. | Reported | finance.yahoo.com preparing an initial public offering in Hong Kong, targeting the first quarter of 2027, that could raise up to $5 billionchecked 15 Nov 2026 |
| SSakana AI | Neolab | not stated | 9 Nov 2026 | Said in an X post that it has no near-term plans for an IPO. | Confirmed | japantimes.co.jp In an X post on Monday, Sakana AI said it has no near-term plans for an IPO.checked 15 Nov 2026 |
| SSakana AI | Neolab | TSE / Nasdaq | 9 Nov 2026 | Reported to be considering an IPO next year on the Tokyo Stock Exchange, Nasdaq or both. | Reported | japantimes.co.jp Sakana AI might go public next year and is considering a listing on the Tokyo Stock Exchange, Nasdaq or both for its initial public offering (IPO), media reports say.checked 15 Nov 2026 |
| NNeysa | Neocloud | not stated | 15 Oct 2026 | CEO reported to say a listing could take place as early as the end of 2027. | Reported | cxodigitalpulse.com AI infrastructure company Neysa is preparing for a potential initial public offering (IPO) as early as the end of 2027checked 15 Nov 2026 |
| DDeepSeek | Neolab | SSE STAR | 10 Sep 2026 | Reported to have engaged CITIC Securities to prepare for a potential IPO on the Shanghai STAR Market. | Reported | channelinsider.com has engaged CITIC Securities to prepare for a potential initial public offering on the Shanghai Stock Exchange’s STAR Market, according to Reuterschecked 15 Nov 2026 |
| DDeepSeek | Neolab | not stated | 14 Jul 2026 | Reported to have begun preparing an IPO in mainland China, with a filing targeted for 2026 and a debut in 2027. | Reported | news.bloomberglaw.com The Hangzhou-based company has started planning for an IPO in the mainland and targeted a filing this year that would allow it to debut in 2027checked 15 Nov 2026 |
| YYotta Data Services | Neocloud | not stated | 2 Sep 2026 | Reported to plan a draft IPO filing in October 2026 and an IPO in the January-March quarter of 2027, seeking up to $1.5 billion with pre-IPO funding. | Reported | inc42.com Yotta Data Services plans to file its draft IPO papers in October and launch its IPO in the January-March quarter of 2027checked 15 Nov 2026 |
| MModelBest | Neolab | not stated | 11 Aug 2026 | Reported to have registered IPO tutoring (pre-listing counselling) with CITIC Securities as adviser, targeting the A-share market. | Reported | |
| CCrusoe | Neocloud | not stated | Aug 2026 | Reported to have held preliminary IPO discussions with several Wall Street banks; no bank formally selected. | Reported | channelinsider.com Reports say the company has held preliminary IPO discussions with several Wall Street banks.checked 15 Nov 2026 |
| SStepFun | Neolab | HKEX | 13 Apr 2026 | Reported to be unwinding its offshore corporate structure ahead of a planned initial public offering in Hong Kong. | Reported | finance.yahoo.com Chinese AI agent StepFun is unwinding its offshore incorporation structure to pave the way for a planned Hong Kong initial public offeringchecked 15 Nov 2026 |
Download every step on this page: CSV · JSON. Free to reuse with credit to EveryNeo (CC BY 4.0). How to cite
Step by step
The full sequence for companies with three or more steps on record.
Nscale Filed, NYSE: NSCL
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 17 Feb 2026 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted to the Securities and Exchange Commission on February 17, 2026.checked 15 Nov 2026 |
| 11 May 2026 | Confidential draft | Confidentially submitted Amendment No. 1 to its draft registration statement on Form S-1. | Confirmed | sec.gov As confidentially submitted to the Securities and Exchange Commission on May 11, 2026.checked 15 Nov 2026 |
| 26 Jun 2026 | Confidential draft | Confidentially submitted Amendment No. 2 to its draft registration statement on Form S-1. | Confirmed | sec.gov As confidentially submitted to the Securities and Exchange Commission on June 26, 2026.checked 15 Nov 2026 |
| 12 Aug 2026 | Confidential draft | Confidentially submitted Amendment No. 3 to its draft registration statement on Form S-1. | Confirmed | sec.gov As confidentially submitted to the Securities and Exchange Commission on August 12, 2026.checked 15 Nov 2026 |
| 18 Sep 2026 | Filed | Filed a registration statement on Form S-1 with the SEC for a listing on the NYSE under the proposed ticker NSCL. | Confirmed | sec.gov We intend to apply to list our ordinary shares on the New York Stock Exchange (“NYSE”) under the symbol “NSCL”.checked 15 Nov 2026 |
| 12 Nov 2026 | Amendment | Filed Amendment No. 1 to its Form S-1; states it has applied to list ordinary shares on the NYSE under the proposed ticker NSCL. | Confirmed | sec.gov We have applied to list our ordinary shares on the New York Stock Exchange (“NYSE”) under the symbol “NSCL”.checked 15 Nov 2026 |
QumulusAI Listed, Nasdaq: QMLS
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 3 Sep 2025 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted filed with the Securities and Exchange Commission on September 3, 2025.checked 15 Nov 2026 |
| 31 Dec 2025 | Filed | Filed a registration statement on Form S-1 with the SEC for the resale of shares in connection with a direct listing. | Confirmed | sec.gov As filed with the Securities and Exchange Commission on December 31, 2025.checked 15 Nov 2026 |
| Jul 2026 | Listed | Direct listing of common stock on the Nasdaq Global Market under the ticker QMLS; no shares sold by the company in the listing. | Confirmed |
Cerebras Systems Listed, Nasdaq: CBRS
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 30 Sep 2024 | Filed | Filed a registration statement on Form S-1 with the SEC. | Confirmed | sec.gov As filed with the U.S. Securities and Exchange Commission on September 30, 2024.checked 15 Nov 2026 |
| 3 Oct 2025 | Withdrawn | Requested withdrawal of its Form S-1 registration statement (File No. 333-282418); no securities had been sold. | Confirmed | sec.gov The Registration Statement has not been declared effective and no securities covered by the Registration Statement have been sold.checked 15 Nov 2026 |
| 22 Dec 2025 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted to the U.S. Securities and Exchange Commission on December 22, 2025.checked 15 Nov 2026 |
| 17 Apr 2026 | Filed | Filed a registration statement on Form S-1 with the SEC. | Confirmed | sec.gov As filed with the U.S. Securities and Exchange Commission on April 17, 2026.checked 15 Nov 2026 |
| 13 May 2026 | Priced | Priced its initial public offering of Class A common stock for listing on the Nasdaq Global Select Market under the ticker CBRS. | Confirmed | sec.gov We have been approved to list our Class A common stock on the Nasdaq Global Select Market under the symbol “CBRS,”checked 15 Nov 2026 |
| 15 May 2026 | Offering closed | Closed its initial public offering of Class A common stock, including 4,500,000 shares from the underwriters' option; gross proceeds $6.4 billion. | Confirmed | sec.gov The gross proceeds to the Company from the initial public offering were $6.4 billion, before deducting underwriting discounts and commissionschecked 15 Nov 2026 |
Fermi America Listed, Nasdaq: FRMI
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 3 Jul 2025 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted to the Securities and Exchange Commission on July 3, 2025.checked 15 Nov 2026 |
| 30 Sep 2025 | Priced | Entered into an underwriting agreement for 37,375,000 shares of common stock, including the full over-allotment option. | Confirmed | sec.gov the purchase by the Underwriters of 37,375,000 shares of Common Stock, which includes the exercise in full by the Underwriters of their over-allotment optionchecked 15 Nov 2026 |
| 1 Oct 2025 | Listed | Common stock approved for listing on the Nasdaq Global Select Market under the ticker FRMI; application also made to the London Stock Exchange. | Confirmed | sec.gov We have been approved to list our common stock on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “FRMI.”checked 15 Nov 2026 |
WhiteFiber Listed, Nasdaq: WYFI
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 6 Jan 2025 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted to the U.S. Securities and Exchange Commission on January 6, 2025checked 15 Nov 2026 |
| 11 Jul 2025 | Filed | Filed a registration statement on Form S-1 with the SEC. | Confirmed | sec.gov REGISTRATION STATEMENT AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON JULY 11, 2025checked 15 Nov 2026 |
| 6 Aug 2025 | Priced | Priced an initial public offering of 9,375,000 ordinary shares; spin-out from Bit Digital. | Confirmed | sec.gov We estimate that the net proceeds from the sale of 9,375,000 Ordinary Shares will be approximately $145.1 millionchecked 15 Nov 2026 |
| 8 Aug 2025 | Offering closed | Closed its initial public offering; gross proceeds $159,375,000. | Confirmed | sec.gov The gross proceeds to the Company from the initial public offering were $159,375,000, before deducting underwriting discounts and commissions and offering expenses.checked 15 Nov 2026 |
CoreWeave Listed, Nasdaq: CRWV
| Date | Step | What the source states | Status | Source · checked |
|---|---|---|---|---|
| 16 Dec 2024 | Confidential draft | Confidentially submitted a draft registration statement on Form S-1 to the SEC. | Confirmed | sec.gov As confidentially submitted to the U.S. Securities and Exchange Commission on December 16, 2024checked 15 Nov 2026 |
| 3 Mar 2025 | Filed | Filed a registration statement on Form S-1 with the SEC. | Confirmed | sec.gov As filed with the U.S. Securities and Exchange Commission on March 3, 2025.checked 15 Nov 2026 |
| 27 Mar 2025 | Priced | Priced an initial public offering of 37,500,000 Class A shares: 36,590,000 sold by the company and 910,000 by existing stockholders. | Confirmed | coreweave.com announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share.checked 15 Nov 2026 |
| 28 Mar 2025 | Listed | Class A common stock began trading on the Nasdaq Global Select Market under the ticker CRWV. | Confirmed | sec.gov March 28, 2025 (the date that our Class A common stock commenced trading on the Nasdaq Global Select Market)checked 15 Nov 2026 |
How to read the statuses
Confirmed means the step is in a regulatory filing, an exchange notice or the company's own statement. Reported means a named outlet reported it and no filing or company statement supports it yet. A reported plan stays Reported however many outlets repeat it.
A confidential draft is a registration statement submitted to the regulator without publication. It becomes visible only when the company files publicly, which is why those rows carry dates earlier than the first public filing.
Listed covers every route to a public market: an initial public offering, a merger with a listed shell or a special-purpose acquisition company, a direct listing, and a move from another exchange. The Route column says which.
What is not here. Companies without a profile on the ledger, including OpenAI, Anthropic and xAI. Expected valuations, pricing ranges and the opinions of analysts are not recorded.
A filing is missing or a status has changed? Send the filing.