US IPO allows you to buy a piece of global innovation directly. The currency exchange rate provides an extra advantage over long periods. The Indian Rupee historically loses value against the US Dollar by 3 to 4 percent every year. This currency movement adds to your total returns in Rupee terms. Thus, a stock might stay flat in Dollar terms. You still gain value in Rupee terms because of the exchange rate shift.
Rules and Remittance Limits for Indian Investors
You must follow the guidelines set by the Reserve Bank of India. The Liberalised Remittance Scheme allows resident individuals to send money abroad.
- You can remit up to 250,000 US Dollars per financial year.
- This limit covers all your overseas investments and expenses.
- Tax Collected at Source applies to these foreign transfers.
- The tax rates apply after you cross specific amount thresholds.
Top Upcoming US IPO to Track
1. Anthropic
Anthropic creates advanced artificial intelligence models. The firm is famous for its Claude AI assistant. Well, the enterprise demand for safe AI tools drives the revenue growth of this firm. Further, large businesses use its products for coding tasks. They also use its systems for automated office work. Reports indicate the firm filed confidential paperwork for its public debut.
- Sector: Artificial Intelligence
- Estimated Valuation: 965 Billion US Dollars
- Expected Timeline: Late 2026
2. OpenAI
OpenAI started the massive wave of generative artificial intelligence with ChatGPT. The consumer subscription business provides steady revenue. Moreover, enterprise clients also pay high fees for API access. The firm filed a confidential S-1 document in mid-2026. The high cost of computer infrastructure remains a key financial metric for investors to watch. The company plans to give 30% of its shares to retail buyers.
- Sector: Artificial Intelligence
- Estimated Valuation: 852 Billion US Dollars to 1 Trillion US Dollars
- Expected Timeline: Late 2026
3. Stripe
Stripe manages the payment infrastructure for millions of online websites. Two brothers from Ireland started the firm in 2010. The company handles massive transaction volumes for global internet businesses. Also, it has positive cash flow and high institutional demand. Early investors want an exit path through the public markets.
- Sector: Financial Technology
- Estimated Valuation: 159 Billion US Dollars
- Expected Timeline: late 2026 or 2027
4. Klarna
Klarna provides buy now pay later services for online shoppers. The company lets customers split purchases into interest-free installments. The business faced a severe drop in its private valuation during 2022. The management cut corporate costs and automated customer support with artificial intelligence. However, the firm returned to profitability before planning its current listing.
- Sector: Financial Technology
- Estimated Valuation: 15 Billion US Dollars
- Expected Timeline: late 2026
5. Chime
Chime operates a digital bank platform for retail customers in the United States and the platform does not have physical branches. The company does not charge monthly fees. Also, it does not require a minimum balance. Well, the firm earns revenue from transaction fees when users spend money with its debit card.
- Sector: Digital Banking
- Estimated Valuation: 25 Billion US Dollars
- Expected Timeline: late 2026
6. Anduril Industries
Anduril Industries manufactures autonomous defense hardware and software systems. The firm creates AI-powered border surveillance tools. It also produces unmanned military hardware. Further, the company secures major contracts from government defense departments. The founder confirmed plans for a public market debut.
- Sector: Defense Technology
- Estimated Valuation: Above 60 Billion US Dollars
- Expected Timeline: Second Half of 2026
7. Hinge Health
Hinge Health offers digital physical therapy programs through a mobile application. The platform connects patients with remote health coaches. Further, users wear specialized sensors to track their exercise movements. The firm sells its services to corporate employers. The employers offer the program to workers as a corporate health benefit.
- Sector: Digital Healthcare
- Estimated Valuation: 6.2 Billion US Dollars
- Expected Timeline: late 2026
8. Kraken
Kraken operates a major global cryptocurrency trading platform. The company filed a confidential S-1 form with the regulators. Further, the business wants to establish public market credibility. The management is updating compliance systems before the official listing date.
- Sector: Cryptocurrency Exchange
- Estimated Valuation: 13.3 Billion US Dollars
- Expected Timeline: October 2026
Other US IPOs
- Canva: This graphic design platform provides online visual tools for millions of global users. The firm has steady cash flow and plans a market debut soon.
- Discord: This communication platform hosts voice channels and chat communities for internet users. The company is working with investment banks to prepare its listing files.
- Revolut: This financial application provides digital banking and wealth management services across Europe. The firm wants to secure public capital to expand its global footprint.
- Cohere: This enterprise artificial intelligence startup creates secure data models for corporate clients. The business focuses on corporate data safety and shows high revenue growth.
How to Apply for a US IPO from India
The process to buy shares of an American company requires a few specific steps. You must understand that the allocation system works differently in the United States.
- Open an International Brokerage Account – You cannot use a standard domestic trading account. You must open an account with a platform that offers international investing. Several Indian fintech apps partner with foreign brokers to provide this service.
- Fund Your Account via LRS – You must transfer money from your Indian bank account to your international brokerage wallet. This transfer happens under the Liberalised Remittance Scheme rules. Your bank will handle the foreign currency conversion.
- Place Your Buy Order – Retail investors in India usually cannot buy shares at the initial offer price. Most initial shares go to large institutional buyers. You can buy the shares on the stock exchange after regular trading begins. Some companies now reserve a small percentage of shares for retail clients. You must check your broker platform to see if retail bidding is open for a specific event.
Remember: Every new US IPO includes a specific lock-up period. Insiders and early venture capital investors cannot sell their shares immediately. This restriction lasts for six months after the listing day. A large volume of shares often enters the market when this lock-up period ends. The stock price can drop sharply during this phase. Retail investors must track these dates carefully. Waiting for the lock-up period to expire can provide a stable entry point for your portfolio.
You should check the latest Central Board of Direct Taxes notifications before you transfer fund as tax laws can change during budget cycles. Further, you must plan your total annual investments early to manage these tax requirements smoothly.
Conclusion
The current year brings historic investment choices to the public markets. Technology firms dominate the upcoming US IPO listings. Indian buyers can participate through modern international trading platforms. You must calculate your currency transaction costs before you invest and should evaluate the financial health of each company individually. Public markets bring strict accounting rules and quarterly profit pressures to these young businesses.