Two of this year’s top IPO sectors – AI data centers and nuclear energy – share the mid-July marquee. Csquare (CSQR Proposed), a data center operator in the U.S., Canada and the U.K., and Standard Nuclear (STDN Proposed), an early-stage producer of nuclear fuel, plan to go public this week and raise a total of $1.61 billion. Both IPOs – set to price mid-week – are NYSE listings. (Editor’s Note: This column, initially published Sunday, was updated Monday with a SPAC pricing and its NASDAQ debut.)
Two small-cap deals – Tarsier Pharma of Israel and Ticketplus of Chile – are in the offing with plans to raise a total of $70.1 million.
Healthcare-Focused SPAC Research Alliance IV
On Monday morning, Research Alliance Corp. IV (RACD) said it raised $75 million by pricing its stock-only SPAC IPO – consisting of 7.5 million shares at $10.00 each.
The stock of Research Alliance Corp. IV, a healthcare-focused SPAC, jumped in its NASDAQ debut – opening at $10.35 – up 35 cents for a 3.5 percent gain from its SPAC IPO price – on Monday, July 13, 2026. Volume: 236,403 shares.
Leerink Partners served as the sole book-runner of the Research Alliance Corp. IV (RACD) deal.
Looking ahead, let’s check out the details of the two big IPOs on tap this week.
Data Center Play from Big D
Csquare, based in the North Dallas suburb of Coppell, Texas, is an AI data center play.
The company is offering 50 million shares at $23.00 to $27.00 to raise $1.25 billion – if priced at the $25.00 mid-point.
Morgan Stanley, TD Securities, Wells Fargo Securities, BofA Securities, BMO Capital Markets and Scotiabank are leading the joint book-running team.
Csquare owns and runs 64 data centers in 21 major metro markets in the U.S., Canada and the U.K. It delivers about 389 MW (megawatts) of sellable power capacity and more than 36,000 interconnection products to over 1,700 enterprise, network, cloud and technology customers, the prospectus said. Its U.S. data centers are near cities from coast to coast. In Canada, Csquare has three data centers near Toronto and three near Montreal. Csquare also has a data center near London.
Brookfield of Canada will still control Csquare after the IPO.
The IPO’s proceeds will be used to pay off $1.17 billion in debt.
Csquare’s revenue has grown since 2023.
Csquare is not profitable: Net loss of $150.94 million on revenue of $1.02 billion for the 12 months that ended on March 31, 2026.
Nuclear Fuel from Tennessee
Standard Nuclear (STDN Proposed), an early-stage nuclear fuel company in Oak Ridge, Tennessee, bought the assets of bankrupt Ultra Safe Nuclear in late 2024.
The company is offering 18.25 million shares at $18.00 to $21.00 to raise $355.88 million – if priced at the $19.50 mid-point.
BofA Securities and Goldman Sachs are leading the joint book-running team.
Standard Nuclear runs the only privately funded TRISO production plant in the U.S., according to the prospectus.
TRISO stands for “tristructural-isotropic” – poppyseed-sized fuel particles made from enriched uranium and coated in ceramic layers. The finished product is fuel for many types of advanced reactors.
After the IPO, Standard Nuclear founder Thomas Hendrix will still control the company.
Standard Nuclear, like most start-ups when they go public, is not profitable: Net loss of $14.97 million on revenue of $3.36 million for the 12 months that ended on March 31, 2026.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.