Pre-IPO Equity Watch List
KPC's monthly view of pre-IPO companies with public S-1 filings, confidential registrations, and IPO Watch names. All timing estimates reflect public reports — not KPC projections.
June 2026 ·Updated June 18, 2026·12 companies
Compliance: Any change to the watch list (adding, editing or removing a company) revokes the prior CCO approval. Re-run AI review and obtain CCO sign-off before distributing externally. Each approval automatically archives a date-stamped PDF snapshot below.
Pending CCO Approval
Approved snapshotsNo CCO-approved PDFs on file yet. A snapshot is archived automatically each time the CCO approves this report.
S-1 FILEDPublic S-1 on file with SEC — most advanced
Envoy
Workplace Technology
- Valuation*
- $1.4B
- Last Round
- Series C · Jan 2022
- Est. Timing†
- TBD 2026
- Filing
- S-1 filed Feb 11, 2025
- Listing
- NASDAQ · EVOY
- Investors
- a16z, Menlo Ventures, Initialized Capital, Seven Seven Six
Sources
- Forge Global — as of Jun 2026
- SEC EDGAR
Updated 2026-06-18
Motive
Fleet / Transport Tech
- Valuation*
- $3.8B
- Last Round
- Series F Sr. · Jul 2025
- Est. Timing†
- TBD 2026
- Filing
- S-1 filed Dec 23, 2025
- Listing
- NYSE · MTVE
- Investors
- Alliance Bernstein, Kleiner Perkins
Sources
- Forge Global — as of Jun 2026
- SEC EDGAR
Updated 2026-06-18
CONF. FILINGConfidential draft registration submitted to SEC
OpenAI
Artificial Intelligence
- Valuation*
- $852B
- Last Round
- Series C · Mar 2026
- Est. Timing†
- Late 2026 / 2027
- Filing
- Confidential filing Jun 8, 2026
- Investors
- Microsoft, SoftBank, Nvidia, Amazon, a16z, MGX
Sources
- Forge Global
- Reuters / Yahoo Finance — Oct 2025
Updated 2026-06-18
Anthropic
Artificial Intelligence
- Valuation*
- $965B
- Last Round
- Series H · May 2026
- Est. Timing†
- Oct 2026 (per public reports)
- Filing
- Confidential filing Jun 1, 2026
- Investors
- Amazon, Google, Sequoia, Altimeter, Blackstone
Sources
- Forge Global
- Financial Media
Updated 2026-06-18
Kraken
Crypto / Digital Assets
- Valuation*
- $20B
- Last Round
- Series D · Nov 2025
- Est. Timing†
- 2026 (per public reports)
- Filing
- Confidential filing Nov 19, 2025
- Investors
- Tribe Capital, Citadel Securities, Jane Street
Sources
- Forge Global
Updated 2026-06-18
FalconX
Crypto Prime Brokerage
- Valuation*
- $8B
- Last Round
- Series D · Jun 2022
- Est. Timing†
- Late 2026 (per public reports)
- Filing
- Confidential S-1 filed May 28, 2026
- Investors
- B Capital, Tiger Global, GIC, Altimeter
Sources
- CoinDesk — May 28, 2026
Updated 2026-06-18
Blockchain.com
Crypto Exchange
- Valuation*
- $6.9B
- Last Round
- Unknown
- Est. Timing†
- TBD
- Filing
- Confidential filing May 21, 2026
- Investors
- —
Sources
- Reuters — May 21, 2026
Updated 2026-06-18
Discord
Social / Communication
- Valuation*
- $15B
- Last Round
- Series I · Aug 2021
- Est. Timing†
- TBD
- Filing
- Confidential filing Jan 6, 2026
- Investors
- Baillie Gifford, Dragoneer, Fidelity, Franklin Templeton
Sources
- Forge Global
Updated 2026-06-18
OURA
Health Wearables
- Valuation*
- $11B
- Last Round
- Unknown
- Est. Timing†
- TBD
- Filing
- Confidential filing May 21, 2026
- Investors
- —
Sources
- BusinessWire / OURA Press Release — May 21, 2026
Updated 2026-06-18
Strava
Fitness / Consumer Tech
- Valuation*
- $2.2B
- Last Round
- Series F-1 · May 2025
- Est. Timing†
- TBD
- Filing
- Confidential filing Jan 8, 2026
- Investors
- Sequoia Capital
Sources
- Forge Global
Updated 2026-06-18
IPO WATCHNo filing confirmed; IPO reported or anticipated
Lambda
AI Cloud Infrastructure
- Valuation*
- $5.9B
- Last Round
- Series E-3 · Nov 2025
- Est. Timing†
- H2 2026 (per public reports)
- Filing
- IPO mentioned Jan 8, 2026 — no filing confirmed
- Investors
- TWG Global, US Innovative Technology Fund
Sources
- Forge Global
- KPC Research
Updated 2026-06-18
Kardigan
Cardiovascular Biotech
- Valuation*
- Private
- Last Round
- Series B · Oct 2025 ($254M)
- Est. Timing†
- 2026–2027 (per public reports)
- Filing
- No filing confirmed — 2026 clinical data readouts anticipated
- Investors
- Fidelity, T. Rowe Price, ARCH Venture Partners, Sequoia Heritage
Sources
- BusinessWire — Oct 14, 2025
- KPC Research
Updated 2026-06-18
Compliance: All estimated IPO timing reflects public reports / speculation† and is not a KPC projection. Valuations shown are sourced from secondary-market reference prices, press reports or company disclosures and are not independently verified by KPC. This material is for informational and educational use only and does not constitute an offer or solicitation. See full disclosures in any associated offering documents.