**Trader sentiment on IPOs before 2027 centers on a selective reopening of the equity issuance window in late 2026, driven by mega-cap AI and tech candidates amid improved but still cautious market conditions.** With SpaceX having completed its record June 2026 listing, attention has shifted to Anthropic, which confidentially filed in June and is now targeting a mid-November debut after earlier fall timing slipped amid valuation debates and AI safety concerns. OpenAI has pushed its plans into 2027, while Oura recently postponed due to investor pushback on pricing. Broader 2026 IPO proceeds have surged past 2025 levels on a handful of large deals, yet smaller issuers face headwinds from elevated rate expectations and aftermarket volatility. Key near-term catalysts include Anthropic’s potential roadshow and Q4 economic data releases that could influence risk appetite and Treasury yields.