Going public is the noisiest, most hyped moment. Here we look at IPOs with the Faro philosophy: are they in a megatrend? Do they get public money? Do they have real numbers or just a story?
The best fits for the Faro philosophy. Fit = megatrend (35) + public money (20) + real numbers via DNA (25) + room to grow (10) + real sales (10).
| Company | Listed | IPO price → today | Value | Faro fit | DNA | Lock-up ends* |
|---|---|---|---|---|---|---|
| HAWK HawkEye 360, Inc. 🧭 Faro theme | May 7, 2026 | $26 → $12.28 -53% | $1.2 B | 76 | 85 | Nov 3, 2026 |
| PICS PicS N.V. 🧭 Faro theme | Jan 29, 2026 | $19 → $13.80 -27% | $1.8 B | 76 | 83 | Jul 28, 2026 |
| BLLN BillionToOne, Inc. 🧭 Faro theme | Nov 6, 2025 | $60 → $107.77 +80% | $5.1 B | 75 | 80 | May 5, 2026 |
| AVEX AEVEX Corp. 🧭 Faro theme | Apr 17, 2026 | $20 → $10.83 -46% | $749 M | 75 | 78 | Oct 14, 2026 |
| ALMR Alamar Biosciences, Inc. 🧭 Faro theme | Apr 17, 2026 | $17 → $30.69 +81% | $2.1 B | 74 | 77 | Oct 14, 2026 |
| MWH SOLV Energy, Inc. 🧭 Faro theme | Feb 11, 2026 | $25 → $21.38 -15% | $4.3 B | 73 | 72 | Aug 10, 2026 |
| ACCV Accelevation Holdings Corp. 🧭 Faro theme | Sep 30, 2026 | $18 → $12.38 -31% | $2.8 B | 73 | 71 | Mar 29, 2027 |
| ELMT Elmet Group Co. 🧭 Faro theme | Apr 23, 2026 | $14 → $21.74 +55% | $662 M | 73 | 71 | Oct 20, 2026 |
Unlocks the moment you pay. Cancel anytime.
When the lock-up ends (usually 180 days), insiders can sell. Selling pressure is common. *Estimated date, 180 days after the IPO: confirm it in the prospectus.
| PS PERSHING SQUARE INC. | Oct 26, 2026 | in 1 d | -12% |
| AVLN Avalyn Pharma Inc. | Oct 27, 2026 | in 2 d | +45% |
| SBMT SILVER BOW MINING CORP. | Oct 27, 2026 | in 2 d | -43% |
| SPTX Seaport Therapeutics, Inc. | Oct 28, 2026 | in 3 d | +15% |
| COAG Hemab Therapeutics Holdings, Inc. | Oct 28, 2026 | in 3 d | +91% |
| REA Rare Earths Americas, Inc. | Nov 2, 2026 | in 8 d | -63% |
| HAWK HawkEye 360, Inc. | Nov 3, 2026 | in 9 d | -53% |
| SUJA SUJA LIFE, INC. | Nov 3, 2026 | in 9 d | -53% |
| MOBI Mobia Medical, Inc. | Nov 4, 2026 | in 10 d | -31% |
| ODTX Odyssey Therapeutics, Inc. | Nov 4, 2026 | in 10 d | +9% |
| FRVO Fervo Energy Co | Nov 9, 2026 | in 15 d | -70% |
| GMRS GMR Solutions Inc. | Nov 9, 2026 | in 15 d | -28% |
Not trading yet. We flag the ones that touch a Faro theme by name. No final price or full public fundamentals yet.
They filed and backed out (weak market, valuation, change of plans).
The S-1 is the SEC registration. The preliminary prospectus ("red herring") has no final price. Read it: risks, use of proceeds, related parties and dilution.
If the money goes to the company (primary) it funds growth. If it goes to sellers (secondary), insiders are cashing out.
About 25 days after the IPO the underwriters publish no research. When it ends, ratings usually come out (almost always positive).
Insiders cannot sell for a while (usually 180 days). When it ends a wave of selling can arrive.
Clear model, big TAM, a path to profit or already profitable, quality underwriter, fair valuation versus peers, clear use of proceeds.
Buying out of FOMO on debut day, not reading the prospectus, ignoring the lock-up, confusing a company with a blank check (SPAC).
Educational and opinion content, not financial advice. Data: Nasdaq public IPO calendar, Yahoo Finance prices and fundamentals, war.gov and USAspending contracts. IPOs are volatile with little history.