ARGOS / MCP — sec vertical, IPO suite Live-extracted 2026-07-23

Six months of IPOs, and no model remembers any of them.

Every filing below priced in 2026 — after any language model's training data ends. What follows isn't recalled, it's extracted: pulled live from primary SEC prospectuses by four chained tools (ipo_screen → ipo_risk_factors → ipo_offering → ipo_financials), with every null left as a null.

128
First-time IPOs, 2026 YTD
$85.75B
Largest — SpaceX
24
Lockups expiring Nov–Dec
4
Tools, one prospectus each
Field extraction, three names

What a prospectus actually says, in the order a banker would say it

Deal terms first — the way a tombstone ad reads. Then the extraction layer underneath: the risk-factor taxonomy, the lockup mechanics, the financial periods a fresh IPO doesn't have a 10-K history for yet.

424B4 · filed 2026-06-12 · CIK 1181412

Space Exploration Technologies Corp.

SPCX · Nasdaq
$135.00 / share
$85,749,999,880 total offering · $74,400,000,000 net proceeds · Class A / B / C common
Underwriters Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup Global Markets, J.P. Morgan Securities
Risk factors · 123 classified
Strategic & M&A
70
Business & Operational
36
Political & Geopolitical
4
Product Development
2

Top topic: AI & Machine Learning Risks — 17 mentions, ahead of IP protection (8) and NOL carryforwards (7).

“Any failure or delay in the development of Starship at scale or in achieving the required launch cadence…”
Lockup · tranche 1 of 8
expires2026-12-09
days180
shares locked7,800,000,000
% of total63%
FY financials · IPO prospectus
FY2025 (year ended 2025-12-31)
revenue$18,674,000,000
operating income−$2,589,000,000
net incomenot extracted
Q1 2026 (three months ended 2026-03-31)
revenue$4,694,000,000
operating income−$1,943,000,000
424B4 · filed 2026-05-14 · CIK 2021728

Cerebras Systems Inc.

CBRS · Nasdaq
$185.00 / share
$6,382,500,000 total offering · $5,419,575,000 net proceeds · 20:1 voting ratio
Underwriters (14) Morgan Stanley, Citigroup, Barclays, UBS, Mizuho, TD Cowen, Needham & Company, Craig-Hallum, Wedbush, Rosenblatt, Academy Securities, Crédit Agricole, MUFG, First Citizens Capital
Risk factors · 42 classified
Business & Operational
17
Capital Stock & Securities
11
Legal & Regulatory
5
Economic & Market
5

Sourced from the S-1 (2024-09-30) — Cerebras filed twice; the tool surfaces whichever registration statement carries the classified text.

“We have experienced… difficulties in transitioning to more advanced process node technologies and in developing advanced packaging solutions.”
Lockup · tranche 1 of 1
expires2026-11-10
days180
trigger2 trading days after Q3 2026 earnings
shares lockednot returned
FY financials · IPO prospectus
FY23 cash$5,694,129,000
FY24 cash$701,706,000
FY25 cash$701,706,000
revenue (all yrs)not extracted
net income (all yrs)not extracted
FY24 and FY25 cash land on the identical figure above — reported exactly as returned, not smoothed. Could be a real flat balance-sheet snapshot or a structured-extraction repeat; we're not editorializing on the tool's behalf.
424B4 · filed 2026-06-05 · CIK 2110105

Quantinuum Inc.

ticker not returned · exchange not returned
$60.00 / share
$1,581,700,000 net proceeds · deal size not returned · Class A common
Underwriters J.P. Morgan Securities, Morgan Stanley
Risk factors · 53 classified
Indebtedness & Liquidity
21
Legal & Regulatory
10
Capital Stock & Securities
10
General
6

A liquidity-heavy risk profile for a pre-commercial quantum computer maker — the taxonomy alone tells you what kind of company this is.

“Quantum computing may never achieve commercially relevant quantum advantage, and the timeline for achieving such advantage is highly uncertain.”
Lockup · tranche 1 of 1
expires2026-12-02
days180
FY financials · IPO prospectus
Q1 2026 cash$677,011,000
FY25 revenuenot extracted
FY25 operating lossnot extracted
The gap is real and the tool doesn't paper over it: the risk factors' own prose cites operating losses of $199.3M (FY25) and $77.2M (Q1 2026) — but those numbers live in narrative text, not yet in the structured financials[] the tool returns. Extraction is honest about what it hasn't reached.
sections__ipo_offering, 24 issuers

Every 2026 lockup expiring this fall, sorted by date

Built by walking the same 50-company screen through ipo_offering one CIK at a time and keeping only status: "ok" responses with a populated lockup_expiry. Dot size follows deal size where the tool returned one; hollow dots mean the field came back null — not zero, not omitted.

deal size known — sized by value deal size not returned
CompanyTickerIPO date Deal size (full)Lockup expiry% locked
Coverage, plainly stated

What's in this dataset, and what fell out of it

128 screened, 50 walked, 24 landed

The lockup radar above started from the top 50 of 128 first-time 2026 IPOs (dedup_mode=per_cik, SPACs excluded). Of those, 25 returned not_in_universe from ipo_offering, 1 was lockup_only, and AEON Biopharma came back ok with an empty lockup object — a known de-SPAC gap, not silently dropped.

"Earliest-ever," not "earliest this year"

A company that IPO'd in 2020 and files a 2026 follow-on doesn't count as a 2026 IPO under dedup_mode=per_cik. Renamed issuers still resolve — Classover Holdings' 2025 IPO now carries current_company_name: "KIDZ AI Inc.".

Nulls are answers, not gaps

Every figure on this page that reads not extracted is a real null the tool returned, not a blank we left out. Cerebras and Quantinuum's missing revenue lines are exactly that — a fresh IPO's prospectus doesn't always carry a full income statement, and the tool says so instead of guessing.