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AI Analytics Firm Dataiku Taps Banks for 2026 U.S. IPO Plans

Artificial intelligence and data analytics startup Dataiku has selected a group of major investment banks, including Morgan Stanley and Citigroup, to lead its long-anticipated initial public offering (IPO) in the United States, according to sources familiar with the matter.

The New York-based company held an internal meeting on Wednesday to officially kick off IPO preparations, with a potential listing targeted for the first half of 2026, the sources said. However, they noted that timing and deal size remain under discussion and could shift depending on market conditions.

Dataiku, founded in 2013, develops software platforms that help enterprises build, test, and deploy AI-driven analytics applications. The company’s tools are used by more than 700 organizations worldwide, including major corporations such as Johnson & Johnson, Toyota, General Electric, and BNP Paribas.

In January 2025, Dataiku said it had surpassed $300 million in annualized recurring revenue (ARR) — a key milestone signaling strong customer retention and subscription growth.

The company was last valued at $3.7 billion following a $200 million Series F funding round in December 2022, led by Wellington Management with participation from existing backers.

An IPO would mark a major step for Dataiku, placing it among a growing wave of AI and software firms looking to capitalize on investor enthusiasm for artificial intelligence. According to Dealogic, 97 companies went public in the third quarter of this year, raising over $24 billion, marking the busiest period for listings since late 2021.

AI-related firms such as Klarna, Figma, and Anthropic have driven renewed momentum in technology listings as markets recover from a two-year IPO drought.

Representatives for Dataiku and Morgan Stanley declined to comment, while Citigroup did not respond to requests for comment.

Analysts say a successful Dataiku listing could further validate investor appetite for AI infrastructure and enterprise analytics companies, which form a critical layer beneath high-profile players like OpenAI and Nvidia.

“Dataiku sits in a sweet spot between enterprise analytics and applied AI,” said one venture capital analyst. “A well-timed IPO could position it as one of the most important public players in AI software beyond model developers.”

If market conditions remain favorable, Dataiku’s IPO could become one of the largest AI software listings of 2026, solidifying its role as a major competitor in the fast-growing enterprise data intelligence market.

BitGo revenue surges nearly 4x ahead of U.S. IPO filing

Crypto custody startup BitGo revealed in its U.S. IPO filing that its revenue nearly quadrupled in the first half of 2025, underscoring the booming demand for digital asset infrastructure as the sector cements itself in mainstream finance.

BitGo reported $4.19 billion in revenue and $12.6 million in profit for the six months ending June 30, compared with $1.12 billion revenue and $30.9 million profit in the same period last year. Founded in 2013, the company has grown into one of the largest U.S. providers of secure storage for cryptocurrencies, a role that has become increasingly critical as institutional adoption accelerates.

The filing comes during one of the busiest IPO seasons since 2021, with crypto firms leading the charge. Recent blockbuster debuts by stablecoin giant Circle, crypto exchange Bullish, and blockchain lender Figure have reinforced investor appetite for the sector. Regulatory wins, ETF inflows, and a friendlier stance from Washington are also helping digital assets shed their reputation as purely speculative.

BitGo, valued at $1.75 billion in a 2023 funding round, now plans to list on the New York Stock Exchange under the ticker BTGO. Goldman Sachs and Citigroup are leading the underwriting.

Analysts say BitGo’s strong growth highlights the maturation of crypto as an asset class in its own right, with custody providers positioned as essential infrastructure in the digital economy.

Winklevoss Crypto Exchange Gemini IPO Over 20x Oversubscribed

The upcoming U.S. IPO of Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has been met with extraordinary investor demand, drawing more than 20 times the number of orders for available shares, according to sources familiar with the matter.

Key IPO Details

  • Shares on offer: 16.67 million

  • Price range raised: $24–$26 (up from $17–$19)

  • Proceeds capped: $425 million (even with stronger demand, higher pricing will shrink the number of shares sold rather than increase the raise).

  • Market value: Over $3 billion at the top end of the range.

  • Ticker: GEMI on Nasdaq

  • Lead underwriters: Goldman Sachs and Citigroup

Additionally, Nasdaq has committed $50 million in a private placement at the time of the IPO.

Context and Market Momentum

The IPO comes amid a wave of crypto listings, fueled by regulatory wins under a pro-crypto White House, increased corporate adoption, and inflows from crypto-linked ETFs. The digital asset market recently topped $4 trillion in value.

Recent activity includes:

  • Figure Technology raised $787.5 million in an upsized IPO on Wednesday.

  • Circle (stablecoin issuer) and Bullish (CoinDesk owner) also expanded their offerings earlier this year.

What’s Next

Gemini shares are set to begin trading Friday. The massive oversubscription suggests a strong aftermarket debut, potentially setting the tone for more high-profile crypto IPOs in the months ahead.