Only One SPAC Scheduled to List Next Week
According to Renaissance Capital, a firm focused on initial public offering market research, entering November, the US IPO market is expected to get off to a quiet start, with only one special purpose acquisition company scheduled to list next week. A special purpose acquisition company is a structure that first lists to raise funds and then seeks an acquisition target. Although the tentative pipeline is sparse, some smaller deals may still join the calendar over the coming week, keeping baseline momentum intact. Over the coming week, two companies are expected to have research reports released, while six lock-up periods are set to expire, with related coverage and unlock developments potentially affecting individual stocks' subsequent performance.
AI-Infrastructure Deals Eligible to List
Several large companies tied to artificial intelligence infrastructure have filed offering documents and are eligible to list, with the potential to launch their debuts before the Thanksgiving holiday. These companies are largely related to data center development, power equipment and energy services, reflecting the pull of AI computing demand on infrastructure. If they proceed on schedule, they would add large-scale supply to the US IPO market before year-end. However, recent reports indicate that the timelines for some marquee deals have slipped, with actual listing dates still subject to market conditions and company plans, drawing more attention to the quiet start in early November.
Four Potential Large Offerings May Be Delayed
SoftBank-backed SB Energy is considering an initial public offering estimated to raise $5 billion, but recent reports suggest its listing plan may be delayed until December or next year. Global data center developer DayOne Data Centers is also evaluating an IPO of about $3 billion, which could likewise be delayed. In addition, UK data center provider Nscale may launch a $2 billion listing plan, while UK power equipment and services provider Aggreko is considering a listing of about $1.5 billion. With their combined potential offering size substantial, a synchronized delay would directly affect overall November market supply and fundraising momentum.
Only Scheduled Newcomer Focuses on Football Club Acquisition
The only deal tentatively scheduled for next week is Football Manager SPAC, a special purpose acquisition company targeting the acquisition of a mid-sized European professional football club, expected to raise $100 million. The company currently has a market value of $166 million and has filed to offer 10 million shares. In terms of index performance, as of October 29, 2026, the Renaissance IPO Index is up 11.1% year to date, while the S&P 500 Index, which tracks the performance of 500 large US companies, is up 13.8% over the same period. In international markets, the Renaissance International IPO Index is up 12.6% year to date, while the ACWX index is up 12.4%. Investing involves gains and losses; this article is for reference only and does not constitute investment advice.