Proprietary Research

Liquidity
Watchlist

A proprietary list of top promising private companies in the TMT space that are candidates for a liquidity event - either an IPO or an acquisition - within the next 12 to 18 months. The companies are ranked based on a series of quantitative and qualitative factors from a pool of over 300 companies that we closely monitor.

35
Ranked Companies
300+
Monitored Pool
12-18mo
Liquidity Horizon
Q1 2026
Last Updated

Upcoming IPOs to Watch

The following companies have filed their S-1 and are getting ready to make their public market debuts.

S-1 Filed
Lime
Neutron Holdings (Formerly LimeBike)
S-1 Filed
Navan
Formerly TripActions
S-1 Filed
Turo
Peer-to-Peer Car Sharing

Liquidity Watchlist Rankings

Ranked by likelihood and readiness for a liquidity event within 12-18 months

λ Lambda
1
Lambda Labs
AI Infrastructure
Kraken
2
Kraken
Crypto / Fintech
Dataiku
3
Dataiku
AI / Data Science
Harvey
4
Harvey
AI / Legaltech
Epic Games
5
Epic Games
Gaming / Metaverse
Armis
6
Armis
Cybersecurity
ANTHROPIC
7
Anthropic
AI / Foundation Models
Databricks
8
Databricks
AI / Data & Analytics
Stripe
9
Stripe
Fintech / Payments
Arctic Wolf
10
Arctic Wolf
Cybersecurity
Illumio
11
Illumio
Cybersecurity
SambaNova
12
SambaNova Systems
AI Hardware
Lightmatter
13
Lightmatter
Photonic Computing
Figure.ai
14
Figure AI
Robotics / AI
Cerebras
15
Cerebras Systems
AI Hardware
ROKT
16
Rokt
Adtech / Ecommerce
Shield AI
17
Shield AI
Defense / AI
SPACEX
18
SpaceX
Aerospace
ThoughtSpot
19
ThoughtSpot
AI / Analytics
Runway
20
Runway AI
AI / Creative Tools
Glean
21
Glean
AI / Enterprise Search
Socure
22
Socure
Identity Verification
BREX
23
Brex
Fintech
ElevenLabs
24
ElevenLabs
AI / Voice & Audio
Addepar
25
Addepar
Wealthtech
Discord
26
Discord
Social / Communications
Flexport
27
Flexport
Logistics / Supply Chain
Plaid
28
Plaid
Fintech / Infrastructure
Revolut
29
Revolut
Fintech / Neobanking
Klarna
30
Klarna
Fintech / BNPL
Cohere
31
Cohere
AI / Foundation Models
Agility Robotics
32
Agility Robotics
Robotics / Humanoid
Cohesity
33
Cohesity
Data Management
Scale AI
34
Scale AI
AI / Data Labeling
Wiz
35
Wiz
Cloud Security

Disclaimer: This watchlist is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Rankings are based on Arkadia Circle's proprietary analysis and are subject to change without notice. Past performance and current rankings are not indicative of future results. All investment decisions should be made after conducting independent due diligence and consulting with qualified financial advisors. Arkadia Circle Corp. may or may not have advisory relationships with the companies listed.