{
  "as_of": "2026-10-19",
  "notes": "Offer prices come from each company's final prospectus (Form 424B4) on SEC EDGAR unless stated. Direct listings have no IPO price; their return is measured from the first-day opening price (Yahoo Finance history) and labelled as such. AI category/rating from Renaissance Capital's AI IPO tracker where available.",
  "items": [
    {
      "ticker": "CRWV",
      "name": "CoreWeave",
      "slug": "coreweave",
      "exchange": "Nasdaq",
      "listing_type": "ipo",
      "pricing_date": "2025-03-27",
      "offer_price": 40.0,
      "currency": "USD",
      "ai_category": "AI infrastructure (GPU cloud)",
      "renaissance_ai_rating": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1769628/000119312525067651/d899798d424b4.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 1769628
    },
    {
      "ticker": "0100.HK",
      "price_symbol": "0100.HK",
      "name": "MiniMax",
      "slug": "minimax",
      "exchange": "HKEX",
      "listing_type": "ipo",
      "pricing_date": "2026-01-08",
      "offer_price": 165.0,
      "currency": "HKD",
      "ai_category": "AI model developer",
      "renaissance_ai_rating": null,
      "source_url": "https://www.hkexnews.hk/",
      "source_name": "HKEXnews (price per Axis Intelligence, unverified)",
      "verified": false,
      "basis_label": "IPO price (HKEX; secondary source, verify)"
    },
    {
      "ticker": "CBRS",
      "name": "Cerebras Systems",
      "slug": "cerebras",
      "exchange": "Nasdaq",
      "listing_type": "ipo",
      "pricing_date": "2026-05-13",
      "offer_price": 185.0,
      "currency": "USD",
      "ai_category": "AI chips",
      "renaissance_ai_rating": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026035214/cerebras-424b4.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 2021728
    },
    {
      "ticker": "SPCX",
      "name": "SpaceX (incl. xAI)",
      "slug": "spacex",
      "exchange": "Nasdaq / Nasdaq Texas",
      "listing_type": "ipo",
      "pricing_date": "2026-06-11",
      "offer_price": 135.0,
      "currency": "USD",
      "ai_category": "Conglomerate with AI segment (xAI merged Feb 2, 2026 per prospectus)",
      "renaissance_ai_rating": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 1181412
    },
    {
      "ticker": "CSQR",
      "name": "Csquare",
      "slug": "csquare",
      "exchange": "NYSE",
      "listing_type": "ipo",
      "pricing_date": "2026-07-15",
      "offer_price": 21.0,
      "currency": "USD",
      "ai_category": "AI infrastructure & equipment",
      "renaissance_ai_rating": "Moderate AI Integration",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2105398/000110465926084293/tm264837-15_424b4.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 2105398
    },
    {
      "ticker": "STDN",
      "name": "Standard Nuclear",
      "slug": "standard-nuclear",
      "exchange": "NYSE",
      "listing_type": "ipo",
      "pricing_date": "2026-07-15",
      "offer_price": 15.0,
      "currency": "USD",
      "ai_category": "AI infrastructure & equipment (power)",
      "renaissance_ai_rating": "Basic AI Adoption",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2086716/000121390026078747/ea0276071-13.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 2086716
    },
    {
      "ticker": "QMLS",
      "name": "QumulusAI",
      "slug": "qumulusai",
      "exchange": "Nasdaq",
      "listing_type": "direct_listing",
      "pricing_date": "2026-07-14",
      "offer_price": null,
      "currency": "USD",
      "ai_category": "AI infrastructure & equipment",
      "renaissance_ai_rating": "Basic AI Adoption",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2084026/000143774926023622/quma20260714_424b4.htm",
      "source_name": "424B4 (direct listing, SEC EDGAR)",
      "cik": 2084026
    },
    {
      "ticker": "IOND",
      "name": "Ionic Digital",
      "slug": "ionic-digital",
      "exchange": "Nasdaq",
      "listing_type": "direct_listing",
      "pricing_date": "2026-07-28",
      "offer_price": null,
      "currency": "USD",
      "ai_category": "AI infrastructure & equipment",
      "renaissance_ai_rating": "Limited",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2007691/000118518526003152/ionicdigi424b4072026.htm",
      "source_name": "424B4 (direct listing, SEC EDGAR)",
      "cik": 2007691
    },
    {
      "ticker": "RZAI",
      "name": "Roze AI",
      "slug": "roze-ai",
      "exchange": "Nasdaq",
      "listing_type": "direct_listing",
      "pricing_date": "2026-09-28",
      "offer_price": null,
      "currency": "USD",
      "ai_category": "AI applications",
      "renaissance_ai_rating": "AI-Centric",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2075335/000121390026104150/ea0306875-424b4_roze.htm",
      "source_name": "424B4 (direct listing, SEC EDGAR)",
      "cik": 2075335
    },
    {
      "ticker": "ACCV",
      "name": "Accelevation",
      "slug": "accelevation",
      "exchange": "Nasdaq",
      "listing_type": "ipo",
      "pricing_date": "2026-09-29",
      "offer_price": 18.0,
      "currency": "USD",
      "ai_category": "AI infrastructure & equipment",
      "renaissance_ai_rating": "Significant",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2141406/000162828026064097/accelevationllc-424b4.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 2141406
    },
    {
      "ticker": "IAM",
      "name": "Iambic Therapeutics",
      "slug": "iambic",
      "exchange": "Nasdaq",
      "listing_type": "ipo",
      "pricing_date": "2026-10-14",
      "offer_price": 16.0,
      "currency": "USD",
      "ai_category": "AI adopter (AI drug discovery)",
      "renaissance_ai_rating": "Moderate",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1997038/000119312526422865/iambic_inception_424b4.htm",
      "source_name": "424B4 (SEC EDGAR)",
      "cik": 1997038
    }
  ]
}