100–200B
2%
200–300B
1.2%
300–400B
2.7%
400–600B
0.8%
600B+
1.3%
No IPO by Ju...
95.3%
<100B
0.4%
OpenAI
10%
DeepSeek
4%
Alibaba
7.3%
Mistral
1.9%
xAI
5%
Anthropic
44%
Google
24%
None in 2026
28%
Z.ai
0.5%
92%
chance
<100B
0.3%
No IPO by De...
18%
400–600B
3%
200–300B
8.5%
600B+
88%
300–400B
0.1%
100–200B
2.1%