Yet, the past two years were lacklustre for IPOs on the New York Stock Exchange (NYSE) as well as at its tech-heavy, crosstown rival Nasdaq. Singapore IPOs raised US$2.5 billion through 38 new listings last year while 60 IPOs in Malaysia raised RM 5.96 billion in 2025. Musk has hinted at a 2026 IPO raising more than US$30 billion at a valuation of at least US$1 trillion. The first big AI IPO off the gates this year is likely to be Anthropic whose AI chatbot and its large language models are both called Claude. Among other major IPOs this year is billionaire fashion influencer Kim Kardashian’s shapewear firm SKIMS which recently raised US$225 million led by Goldman Sachs Alternatives at a US$5 billion valuation.

Source: The Edge Markets January 21, 2026 09:01 UTC