Who's Going Public Next? Kalshi Bets Drop US IPO Clues Before 2027- And It's Not Just SpaceX Or OpenAI

Prediction market data from Kalshi suggests increased investor confidence in upcoming IPOs in 2026–2027. This follows a year marked by uncertainty due to policy changes and market disruptions according to recent reports. The data highlights a shift in focus from well-known names to emerging tech companies in artificial intelligence and fintech as market analysis shows.

The renewed enthusiasm for IPOs is linked to sustained investor interest in AI and digital asset markets. Companies that were previously sidelined due to volatile market conditions are now showing stronger public listing signals based on market data. This trend is supported by confidential IPO filings and a more favorable regulatory outlook according to industry sources.

Kalshi data indicates that Cerebras Systems has a 77% chance of announcing an IPO before 2027. The AI chipmaker had previously filed confidential IPO paperwork but retracted it in October 2025 according to market reports. Cerebras is reportedly preparing to re-file as early as Q2 2026 as industry analysis suggests.

Why Did This Happen?

Market conditions have improved after a difficult 2025, which saw significant disruptions including policy upheaval and a government shutdown according to financial analysis. As of early 2026, however, investor sentiment has stabilized, creating a more favorable environment for new listings according to market data.

The AI sector is a major driver of this renewed interest. Companies like Cerebras, which has developed the world's largest computer chips for AI workloads, are positioned to capitalize on the growing demand for specialized hardware according to industry analysis. The company's Wafer Scale Engine (WSE) is unmatched in size and performance, making it a key player in the AI infrastructure space as technical reports indicate.

How Did Markets React?

Investor anticipation for Cerebras' potential IPO has grown, especially after the company's re-filing plans were reported. The market is closely watching whether the IPO will proceed as expected and how it will be received by institutional investors as market observers note.

Kalshi data also shows that other companies have strong IPO probabilities. Kraken, the crypto exchange, has an 83% chance of going public before 2027. Databricks and Discord both carry 70% odds of announcing IPOs as market intelligence suggests. These figures suggest a broader rush among digital asset and tech firms to enter public markets according to recent reports.

What Are Analysts Watching Next?

Analysts are paying close attention to the timing and pricing of these IPOs. Cerebras' valuation could reach the multi-billion-dollar range, depending on market conditions and investor demand according to market forecasts. The company's ability to scale production of its wafer-scale chips remains a key consideration for potential investors as industry experts observe.

Risks include regulatory hurdles, especially around export controls for high-performance computing components used in AI research and defense applications as analysts warn. Geopolitical tensions could also impact global operations and investor confidence according to industry experts.

Scalability and manufacturing challenges are another concern. Wafer-scale chips are an engineering marvel but come with logistical challenges such as lower yields and complex support infrastructure as technical sources indicate. These factors could affect long-term profitability and market performance according to market analysis.