Investors are preparing for a surge of IPOs after Labor Day, with calendars full of meetings as companies gauge interest. The U.S. IPO market is on track for a record year, boosted by Space X’s $86 billion June offering. Anthropic may raise up to $100 billion in its expected September or October debut.

Smart-ring maker Oura, which filed paperwork in May, is weighing a September or October offering and could fetch a valuation above its prior $11 billion funding round. Inspire Brands, parent of Dunkin’ and Arby’s, is considering an offering as early as year-end, though it may delay to early 2027 due to choppy performance of peers like Jersey Mike’s. Switch, SB Energy (backed by Soft Bank and tied to an Open AI Ohio data center deal), and Nscale are also meeting with investors.

Together, Oura, Switch, SB Energy, Nscale, and Inspire could raise billions. Traditional U.S. IPOs have already raised $137 billion this year per Dealogic, and with Anthropic’s potential add-on, the year will surpass the 2021 record of ~$156 billion. Despite Space X’s stock falling below its IPO price, companies remain undeterred.

The 2026 IPO class averages 21% gains from IPO prices, per Dealogic, while Vantage Data Centers eyes a 2027 offering.