Since our last update, we’ve added the following to the ListingTrack database:

📈 83 new companies, bringing our database to 10,240 companies
🔍 32 new events tracked, including mergers, activist campaigns, and short reports—now totaling 2,200 market-moving events

IPO/ Listing Action

Past week

See more: Latest Listings

Upcoming IPO News (Filed)

• Klarna (KLAR) filed for an IPO with the SEC on Friday and plans to raise at least $1 billion at a valuation above $15 billion. The company is targeting an early April debut. …

• Hinge Health (HNGE), a digital physical therapy provider, has filed for an IPO with a potential April debut. …

• CoreWeave (CRWV) action:

  • CoreWeave, an AI cloud startup backed by Nvidia (NVDA), has signed an $11.9 billion, five-year cloud computing contract with OpenAI. …

  • Microsoft (MSFT) has reportedly scaled back some cloud agreements with CoreWeave over delivery issues. … — Bloomberg

See more: Upcoming Listings

Listing Plans and Rumors

See more: Listing Plans & Rumors

IPOs

• Figma is exploring an IPO in 2025 and has held discussions with investment banks. …

• Discord has engaged investment banks for a potential IPO in 2025. The company, last valued at $15 billion in 2021, is exploring public market entry amid renewed tech IPO activity. — New York Times

• StubHub is in early discussions with investment banks about a potential IPO by year-end, targeting a raise of more than $1 billion. …

• Apollo Global Management and The Vistria Group are evaluating a potential sale or IPO of Apollo Education Group, the parent company of the University of Phoenix, with an estimated valuation between $1.5 billion and $1.7 billion. …

• Gemini, the cryptocurrency company led by the Winklevoss twins, filed confidentially with the SEC for an IPO. …

• Crypto firm Kraken (officially Payward Inc.) is looking to IPO as soon as Q1 2026. — Bloomberg

• The organic baby food company co-founded by Jennifer Garner, Once Upon a Farm, is working with banks for a potential IPO as soon as this year. …

• Bluejay Therapeutics, a drug developer focused on viral and liver diseases, is considering a US IPO as soon as next month. …

Spinoffs

• Vivani Medical (VANI) plans to spin off its brain implant division, Cortigent, into an independent, publicly traded company. …

SPACs

• Autonomous trucking startup Kodiak Robotics is in advanced talks to merge with SPAC Ares Acquisition Corp. II (AACT) in a deal that could value the combined entity at around $2 billion. …

• USA Rare Earth (USAR) closed its SPAC merger with Inflection Point Acquisition Corp. II (IPXX) and began trading under the symbol USAR on March 14. …

IPO Candidates

See more: IPO Candidates

Series C+ and Prominent Fundraising

Defense/ Law Enforcement

• Epirus secured an oversubscribed $250 million Series D round, boosting its total venture funding to over $550 million. …

• Flock Safety, a security technology firm focused on crime prevention, raised $275 million in funding at a $7.5 billion valuation. The round was led by Andreessen Horowitz, with participation from Greenoaks Capital, Bedrock Capital, Meritech Capital, Matrix Partners, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global, and Y Combinator. …

• Defense and robotics startup Shield AI closed a $240M strategic funding round, valuing the company at $5.3B. …

• Sequoia Capital is leading a $190 million funding round for Peregrine Technologies, a startup that develops data analytics software for law enforcement agencies, increasing its valuation sevenfold to $2.5 billion. …

AI / Robotics

• AI infrastructure firm Turing raised $111M in Series E funding at a $2.2B valuation. …

• Celestial AI, developer of the Photonic Fabric optical interconnect platform, secured $250 million in a Series C1 round led by Fidelity Management & Research Company, bringing total funding to over $515 million at a $2.5 billion valuation. …

• (4 additional raises…)

Cybersecurity

• Cybersecurity startup Chainguard is reportedly in talks with Kleiner Perkins to raise $350 million at a $3.5 billion valuation, nearly tripling its valuation from last year’s $1.1 billion round. …

• Cybereason, a cybersecurity firm focused on endpoint detection and response (EDR) solutions, secured a $120 million investment led by SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital. …

• (1 additional raise…)

Crypto / Fintech / Insurtech

• Binance, the world's largest cryptocurrency exchange, received a $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. …

• (1 additional raise…)

Media/ Consumer

• ByteDance, the parent company of TikTok, plans to execute an employee stock buyback at an implied company valuation of approximately $312B. …

• Niantic is spinning off its geospatial AI business into Niantic Spatial Inc. Niantic Spatial will be funded with $250 million, including $200 million from Niantic’s balance sheet and a $50 million investment from Scopely. …

• (1 additional raise…)

Energy

• Terabase Energy, which provides digital and automation solutions for utility-scale solar power, raised a $130 million Series C led by SoftBank Vision Fund 2. …

• (1 additional raise…)

Healthcare

• (4 additional raises…)

IPO Candidate News

• Swedish battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financial backing. …

• A California federal judge rejected Elon Musk’s request to stop OpenAI’s shift toward a for-profit model, stating that the plaintiffs did not meet the burden of proof. …

IPO Market Commentary

• NYSE Group President Lynn Martin forecasted that US IPO activity will revert to pre-pandemic levels, with first-time share sales expected to raise about $50 billion this year. “The only way that I think is going to get derailed is if the volatility in the market becomes outsized — and I don’t think it’ll get derailed,” Martin said. — Bloomberg

Theme Pages

Our Theme Pages are highly curated datasets, providing a detailed, categorized view of key industries and emerging market trends. Each page tracks public stock performance, active and closed mergers, news, upcoming IPOs, and prominent or Series C+ private companies. With dedicated pages for industries like AI, Nuclear, New Space, New Age Defense, and Logistics, we will continuously expand our coverage, adding new high-impact industries as market trends evolve.

Merger Announcements

• Walgreens Boots Alliance (WBA) has agreed to a $23.7 billion acquisition by Sycamore Partners, offering shareholders $11.45 per share in cash and a contingent value right of up to $3.00 per share tied to the future sale of WBA’s stake in VillageMD. … / Deal Page

• Whitecap Resources and Veren (VRN) have agreed to merge in an all-stock transaction valued at $15 billion. … / Deal Page

• Rocket Companies (RKT) has agreed to acquire Redfin (RDFN) in an all-stock transaction valued at $1.75 billion, equating to $12.50 per Redfin share. … / Deal Page

• (4 additional merger announcements…)

See more: Active M&A

Closings

• Rio Tinto (RIO) completed its $6.7B acquisition of Arcadium Lithium (ALTM), integrating the Rincon lithium project and rebranding the subsidiary as Rio Tinto Lithium.

• Emerson (EMR) closed its acquisition of Aspen Technology (AZPN) for $265 per share.

• Stronghold Digital Mining's (SDIG) acquisition by Bitfarms (BITF) closed on March 14. — Deal Page

• (1 additional closing and 1 upcoming closing…)

See more: Closed M&A

Live Deal Coverage and Updates

• Britain's competition regulator has cleared Synopsys' (SNPS) $35 billion acquisition of Ansys (ANSS) after the companies agreed to specific remedies. … Deal Page

• A Delaware judge has agreed to expedite a class action lawsuit challenging Paramount Global’s (PARA) $8 billion sale to Skydance Media, but declined to issue a temporary restraining order (TRO) to block the deal. … Deal Page

• The Federal Trade Commission (FTC) filed a lawsuit to block GTCR’s acquisition of medical device coatings maker Surmodics (SRDX), citing concerns over market concentration and rising healthcare costs. … Deal Page

• Omnicom (OMC) and Interpublic (IPG) have received a Second Request from the Federal Trade Commission (FTC) regarding Omnicom’s proposed acquisition of Interpublic. … / Deal Page

Potential M&A News

Exploring Sale / Strategic Alternatives

• TXNM Energy (TXNM), a holding company for Texas and New Mexico utilities, is reportedly exploring a sale after receiving takeover interest. …

• AvidXchange (AVDX) is exploring a potential sale after receiving takeover interest from private equity firms. …

• iRobot's (IRBT) Board initiated a strategic review, considering refinancing debt, a potential sale. …

• Purple Innovation (PRPL) has initiated a review of strategic alternatives following inbound interest. …

• (2 additional strategic alternatives…)

Talks / Offers

• Lifeway Foods (LWAY) has accused Danone (OTCQX: DANOY) of hostile takeover tactics, stating that Danone’s SEC filing referencing a lawsuit is part of a broader campaign to acquire Lifeway at an undervalued price. …

• Anne Wojcicki reaffirmed her takeover offer for 23andMe (ME) at $2.94 per share, consisting of $0.41 per share in upfront cash and up to $2.53 per share in contingent value rights (CVRs) tied to revenue milestones through 2028.  …

• Following a hostile takeover process, QXO (QXO) and Beacon Roofing Supply (BECN) are now in active discussions for a potential $11 billion merger, with QXO offering $124.35 per share in cash. …

• (4 additional talks/offers…)

See more: Potential M&A

Prominent Private Deals (private targets)

Announcements

• Niantic Labs announced it has reached a deal to sell its games business, including Pokémon GO, to Scopely for $3.5 billion. …

• American Express (AXP) announced plans to acquire Center, a Washington-based expense management software startup, to enhance its corporate payment and expense management services. … Deal Page

• Bain Capital has acquired York Holdings, the non-core supermarket and retail division of Seven & i Holdings, for 814.7 billion yen ($5.5 billion). …

• ServiceNow (NOW) announced a definitive agreement to acquire Moveworks for $2.85 billion in cash and stock. … Deal Page

• Eaton (ETN) has agreed to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures, for $1.4 billion. … Deal Page

Potential Deals

• President Donald Trump stated that his administration is engaged with four different groups regarding the potential sale of TikTok US. …

• Oracle (ORCL) has emerged as a leading contender to operate TikTok's U.S. business as the Trump administration seeks a buyer to prevent a ban of the China-owned app. … — The Information

M&A Market Commentary & Post M&A Coverage

• Despite current market volatility and geopolitical uncertainties, M&A dealmakers remain optimistic about a rebound in activity later in 2025. — Reuters …

• Rio Tinto (RIO) plans to issue bonds in the U.S. to help repay a $7 billion bridge loan used for its $6.7 billion acquisition of Arcadium Lithium. …

• Private credit lenders are discussing approximately $4.5B in debt to finance Sycamore Partners’ potential buyout of Walgreens Boots Alliance (WBA), as part of a broader $12B debt package. …

Nuclear

• Amazon, Google, and Meta joined a global pledge to at least triple nuclear energy capacity by 2050, aligning with commitments made by over 20 countries at the U.N. Climate Change Conference in December 2023. — CNBC

New Space

• SpaceX’s Starship program suffered its second consecutive in-flight failure this year as the spacecraft exploded minutes after launch. — CNBC

See more: Themes

Activism, Investor Disputes, & Shorts

Activism

• Elliott, which holds a $2.5B stake in Phillips 66 (PSX), has nominated seven new directors to its board to push for strategic changes, including the potential spin-off or sale of its midstream business. Phillips 66 then pushed back by issuing a shareholder letter noting that Elliott indicated no immediate follow-up actions and had shown “no genuine interest in engagement.” …

• Kenvue (KVUE) has resolved its proxy contest with activist Starboard Value by adding three new board directors. …

• Activist investor Mantle Ridge has accumulated a $1 billion+ stake in Cognizant Technology Solutions (CTSH), contending the company is undervalued. …

• Hedge fund Anson Funds is preparing a boardroom challenge at Match Group (MTCH), planning to nominate multiple directors to the 10-member board. …

• (4 additional activist engagments…)

See more: Activism

Shorts

• Short seller Kerrisdale Capital published a report targeting IonQ (IONQ) titled 'Trapped in the Hype.‘ …

• Short report publisher Bear Cave published a report targeting Gorilla Technology Group (GRRR). …

See more: Short Reports

Other Situations

• Pershing Square Capital Management has extended its standstill agreement with Howard Hughes Holdings (HHH) until April 7 to allow further discussions regarding its previously announced proposal on Feb 18 and potential alternatives. …

• Google (GOOG) is urging the Trump administration’s Justice Department to adopt a less aggressive approach in its efforts to break up the company, citing national security concerns. …

• The Federal Trade Commission (FTC) is proceeding with an antitrust probe into Microsoft’s (MSFT) AI operations, initiated in the final days of the Biden Administration. …

• Taiwan Semiconductor (TSM) has approached Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), and Qualcomm (QCOM) about investing in a joint venture to operate Intel’s (INTC) foundry division. …

• Spirit Airlines (Delisted: SAVE) has exited bankruptcy protection, completing its reorganization. …

• Cutera (CUTR --> CUTRQ), a aesthetic and dermatology solutions provider, filed for Chapter 11 bankruptcy, was delisted by Nasdaq, and began trading OTC under the symbol CUTRQ. …

• ENGlobal Corporation (ENGCQ) and three affiliates have filed for Chapter 11 bankruptcy. …

•  (4 additional delistings…)