The venture-backed IPO market has roared back to life in 2026, headlined by ******* eX's record $1.77 trillion IPO, but the stock performance of newly public companies has been comparably muted.
There have been 44 VC-backed IPOs in the US so far this year, according to new PitchBook data, on track to trounce 2025's total of 50. In addition to ******* eX—and the planned mega-IPOs of Anthropic and OpenAI—companies including Cerebras, Quantinuum, X-Energy and HawkEye 360 raised significant proceeds, and delivered some long-awaited liquidity to investors.
But the results since haven't been pretty: ******* eX, as of Thursday's market close, was trading 30.3% down from its debut, and Cerebras was down 34.7%, even with a 19.9% one-day gain.
Sign up for The Daily Pitch newsletter Subscribe
Stocks' 2026 gains have largely evaporated thanks to Wall Street's recent concerns over the continued war in Iran and the potential for Chinese chip manufacturers to challenge US incumbents in the race for AI computing power.
#cerebras #backed #down
There have been 44 VC-backed IPOs in the US so far this year, according to new PitchBook data, on track to trounce 2025's total of 50. In addition to ******* eX—and the planned mega-IPOs of Anthropic and OpenAI—companies including Cerebras, Quantinuum, X-Energy and HawkEye 360 raised significant proceeds, and delivered some long-awaited liquidity to investors.
But the results since haven't been pretty: ******* eX, as of Thursday's market close, was trading 30.3% down from its debut, and Cerebras was down 34.7%, even with a 19.9% one-day gain.
Sign up for The Daily Pitch newsletter Subscribe
Stocks' 2026 gains have largely evaporated thanks to Wall Street's recent concerns over the continued war in Iran and the potential for Chinese chip manufacturers to challenge US incumbents in the race for AI computing power.
#cerebras #backed #down
3 months ago
