Daily Spotlight · May 11, 2026
Cerebras Is Asking IPO Buyers to Finance an AI Capacity Buildout
Cerebras' IPO is becoming a live test of how far AI demand can finance infrastructure
By Erik Aronesty · Cerebras Systems Inc. · CBRS
NEW YORK, May 11, 2026 - Cerebras is no longer just an AI-chip curiosity with a dramatic roadshow. It is shaping up as a public-market financing event for a capital-hungry inference buildout, and that makes the deal more interesting than the usual...
IPOGrid Weekly · 2026-05-04 to 2026-05-10
Selective Reopening: HawkEye and Odyssey Cleared, but Structure Still Did the Work
Weekly IPO Review: selective reopening, with HawkEye and Odyssey leading
By Erik Aronesty · May 11, 2026
Selective reopening, not a broad one The week looked better than it felt. HawkEye 360 jumped 30% in its NYSE debut after pricing 16 million shares at $26, the top of its range...
IPO Calendar
Deals on the board
| Company | Deal | Status | Signal | Price | Gross Proceeds | Lead Underwriter | Exchange | Latest Form | Last Filing |
|---|---|---|---|---|---|---|---|---|---|
| ipo | priced | 05-13 to 05-15 | $10.00 | $94,811,230 | self-underwritten | Nasdaq | EFFECT | 2026-05-11 | |
|
Boost Run Inc.
BRUN
|
ipo | priced | 05-13 | - | $2,227,549 | - | Nasdaq | CERT | 2026-05-08 |
|
Phoenix Energy One, LLC
PHXE.P
|
ipo | priced | 05-13 | $100.00 | $750,000,000 | self-underwritten | NYSE American | EFFECT | 2026-05-04 |
| ipo | effective | 05-13 to 05-25 | $150.00 to $160.00 | ~$4,650,000,000 | MORGAN STANLEY | Nasdaq Global Select Market | 8-A12B | 2026-05-11 | |
|
Fervo Energy Co
FRVO
|
ipo | effective | 05-13 to 05-25 | $21.00 | $1,333,333,320 | J.P. Morgan | Nasdaq | 8-A12B | 2026-05-11 |
|
AIAI Holdings Corp
AIAI
|
ipo | effective | 05-13 to 05-15 | - | $0.00 | self-underwritten | Nasdaq Global Market | EFFECT | 2026-05-06 |
| ipo | effective | 05-13 to 05-22 | $8.00 | $17,200,000 | A.G.P./Alliance Global Partners | Nasdaq Global Market | FWP | 2026-05-11 | |
|
GMR Solutions Inc.
GMRS
|
ipo | amended | Watch | $15.00 | $478,723,395 | J.P. Morgan | NYSE | S-1/A | 2026-05-12 |
|
EagleRock Land, LLC
EROK
|
ipo | amended | Watch | $17.00 to $20.00 | ~$320,050,000 | Goldman Sachs & Co. LLC | NYSE | S-1/A | 2026-05-11 |
| ipo | amended | Watch | $18.00 to $20.00 | ~$399,949,772 | Goldman Sachs & Co. LLC | NYSE | S-1/A | 2026-05-11 | |
| ipo | effective | 05-13 to 05-15 | $3.00 | $2,489,207 | - | Nasdaq | EFFECT | 2026-05-07 | |
|
Liftoff Mobile, Inc.
LFTO
|
ipo | amended | Watch | - | - | Goldman Sachs & Co. LLC | Nasdaq Global Select Market | S-1/A | 2026-05-04 |
See full grid
Showing 12 exchange-focused names from 159 active public IPO issuers.
Hot List
Names to keep open
Cerebras Systems Inc.
CBRS
76% revenue growth
Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025.
Cover banks: Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Barclays Capital Inc. · Financial texture: Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025. · Deal terms: 30M shares · $150-$160 · $4.8B deal · Nasdaq Global Select Market CBRS
Fervo Energy Co
FRVO
$350M anchor demand
Cornerstone Investors indicated interest in purchasing up to $350 million in Class A common stock at the IPO price
Anchor interest from Atlas Point Energy Infrastructure Fund, LLC, Norges Bank Investment Management, Wellington Management +1 · $350M cornerstone indication · Cover banks: J.P. Morgan, BofA Securities, RBC Capital Markets +1 · Financial texture: Revenues ................................................................................................................... $ 138 $ 199
Odyssey Therapeutics, Inc.
ODTX
$25M anchor demand
TPG Orazio II agreed to purchase 1,388,889 shares in the concurrent private placement at the IPO price.
Anchor interest from TPG LSI Rise Orazio II, L.P. · $25M cornerstone indication · $23M private placement from TPG LSI Rise Orazio II, L.P. · Cover banks: J.P. Morgan Securities LLC, TD Securities (USA) LLC, Cantor Fitzgerald & Co.
Seaport Therapeutics, Inc.
SPTX
$50M anchor demand
We have received indications of interest from entities affiliated with General Atlantic to purchase up to $50 million in shares of our common stock...
Anchor interest from General Atlantic · $50M cornerstone indication · Cover banks: Goldman Sachs & Co. LLC · Financial texture: cash, cash equivalents(?!s+and marketable securities): $233.7M
HawkEye 360, Inc.
HAWK
98% revenue growth
Revenue: $98,743 (Year ended December 31, 2025) vs $49,835 (Year ended December 31, 2024)
Cover banks: Goldman Sachs & Co. LLC, Morgan Stanley · Financial texture: Revenue: $98,743 (Year ended December 31, 2025) vs $49,835 (Year ended December 31, 2024) · Deal terms: 16M shares · $26 price · $387M deal · New York Stock Exchange HAWK
GMR Solutions Inc.
GMRS
Profitable before tax
Net revenue $5,739,776 thousand for the year ended December 31, 2025
Financial texture: Net revenue $5,739,776 thousand for the year ended December 31, 2025 · Deal terms: 32M shares · $15 price · $479M deal · NYSE GMRS · Timing: Approximate date of commencement of proposed sale to the public : As soon as practicable after this...