IPO

Green Circle Decarbonize Technology (GCDT) is set to go public, offering 2.5 million shares at $4.00 each, aiming to raise around $10 million. The company, specializing in Phase Change Material (PCM-TES) thermal energy storage systems, plans to use the proceeds for factory expansion, machinery, debt repayment, and working capital. Trading is expected to start on NYSE American on January 13, 2026. Underwriters also have an option to purchase additional shares.

MiniMax Group Inc. debuted on the Hong Kong Stock Exchange with a 90% surge, raising HK$4.8 billion. This AI startup, specializing in large language models (LLMs), is the second major Chinese LLM developer to go public, following Zhipu AI. Backed by Alibaba and Tencent, MiniMax aims to compete with U.S. AI giants. The IPO funds will boost R&D, underscoring investor confidence in China’s AI sector despite geopolitical hurdles and semiconductor import restrictions.

Soren Acquisition Corp. has priced its initial public offering at $220 million, offering 22 million units at $10.00 each on Nasdaq under the ticker SORNU. The SPAC aims to merge with a company in the healthcare sector, leveraging experienced management. Each unit includes one Class A ordinary share and one-third of a redeemable warrant. BTIG, LLC is the sole book-running manager for the offering.

SmartStop Self Storage REIT CEO H. Michael Schwartz will keynote the eighth annual KeyBanc Self Storage Investor Forum on January 8, 2026. He will participate in a fireside chat discussing the company’s IPO, its strategic rationale, and future plans, offering insights into the resilient self-storage market and SmartStop’s operational strategies. The event aims to highlight the company’s growth trajectory and capital market access.

Motive, a fleet management software company, has filed for an IPO on the NYSE under the ticker MTVE. Despite a recent net loss, the company reported a 23% revenue increase and serves nearly 100,000 clients. Motive’s AI-powered dashcam technology aims to improve safety. The company, founded in 2013, faces patent litigation with rival Samsara as it seeks to join other tech firms going public.

MetaX Integrated Circuits saw its shares surge 700% on its Shanghai debut, raising nearly $600 million. This remarkable IPO underscores China’s growing ambition in domestic AI chip development, driven by a strategic imperative for self-sufficiency amidst U.S. export controls. The company, focused on AI GPUs, joins other Chinese firms like Moore Threads in capitalizing on significant market demand and investor confidence in the nation’s burgeoning semiconductor ecosystem.

SpaceX is slated for a 2026 IPO, with analysts estimating an $800 billion valuation and potential $30 billion capital raise, driven by AI‑driven demand for Starlink’s high‑bandwidth service and Starship’s low‑cost launch capabilities. Elon Musk emphasized that NASA contracts will be under 5 % of revenue, stressing commercial Starlink as the primary income source. Meanwhile, billionaire Jared Isaacman has been nominated as NASA administrator, a move that could secure contract stability, technology transfer, and regulatory favor for SpaceX, though it raises concerns about undue influence.

.ITHAX Acquisition Corp III priced its IPO at $10 per unit, raising $200 million from 20 million units. Each unit includes one Class A share and half a redeemable warrant (full warrant exercisable at $11.50). Trading begins on Nasdaq Global Market under ITHAU on Dec 12 2025. Sponsor Orestes Fintiklis, founder of Ithaca Capital Partners, will serve as CEO, CFO and chairman. The SPAC seeks a merger in asset management, leisure, hospitality, travel, entertainment, gaming or related sectors using AI and digital assets. Underwriters have a 45‑day option for up to 3 million extra units.

.Co‑founder Jyoti Bansal’s latest venture, Harness, raised $200 million led by Goldman Sachs, valuing the AI‑driven software delivery platform at $5.5 billion. The service continuously scans AI‑generated code for regressions, security flaws and cost inefficiencies, integrating both Anthropic and OpenAI models. After merging with security startup Traceable, Harness employs about 1,300 staff and is on track to exceed $250 million in annual recurring revenue, growing >50% YoY. Bansal is preparing for an IPO, positioning the company as a leader in AI‑augmented DevOps.

SpaceX is planning a secondary share sale that could lift its valuation to about $800 billion, with a possible IPO by the end of next year. The offering would likely combine the lucrative Starlink broadband network—projected to earn $10 billion annually by 2028—with its core launch services, creating a “two‑for‑one” investment. Analysts cite the company’s cost‑effective Falcon 9, upcoming fully reusable Starship, and strong government and commercial contracts as drivers, while noting competition from Blue Origin and regulatory risks for its LEO constellation.