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6 IPOs to Watch This Week Ahead of the SpaceX Main Event — Barrons.com
6 IPOs to Watch This Week Ahead of the SpaceX Main Event — Barrons.com
About this update from Innio N.v.
By Paul R. La MonicaSpaceX's massive initial public offering is still a little more than a week away. But several companies are getting ready to make their Wall Street debuts this week to get ahead of the expected June 12 listing for Elon Musk's rocket launch, satellite internet, and artificial intelligence conglomerate.There are currently six companies on the IPO calendar that are targeting at least a $1 billion valuation (the standard for a so-called unicorn) according to IPO research and investing firm Renaissance Capital. And several of them are plays on hot investing trends, notably AI and quantum computing.The biggest is Innio, a maker of gas engines. The company is currently looking to sell 75 million shares at a price range of $24 to $27 share. At the midpoint of that range, Innio would raise $1.9 billion and be valued at a little more than $19 billion.Innio, which will trade on the Nasdaq with the ticker symbol of INIO, sells equipment to data centers, helping to meet the insatiable demand for power that AI services require. The company said in its regulatory filings with the Securities and Exchange Commission that data center revenue accounted for 11% of total sales in the first quarter.But that business is growing rapidly, with 61% of its equipment order backlog coming from its data center customers. Innio was also profitable last year, posting net income of $141.8 million, up 54% from 2024. But the company swung to a slight loss in the first quarter of this year.Quantum computer company Quantinuum, which is majority-owned by automation and aerospace leader Honeywell, is also set to go public at a more than $10 billion valuation. The company will sell 26.5 million shares at a price range of $53 to $55, up from its previous plan to offer 21.1 million shares in a range of $45 to $50. At the $54 midpoint of its new price range and offering size, Quantinuum would raise $1.4 billion and have a market valuation of around $14.2 billion.Quantinuum will trade on the Nasdaq under the ticker of QNT. Sales are soaring but losses are mounting too, primarily because of heavy investments in research and development. The company reported revenue of $30.9 million last year, up 34% from $23 million the year before. Quantinuum lost $192.6 million in 2025, compared with red ink of $144.1 million in 2024. And the company posted another net loss of $136.6 million ju...