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The US IPO market saw a significant breakthrough in Q1 2026, with 127 IPO filings, marking the third-highest quarter in three years. SpaceX has reportedly filed confidentially for a June 2026 IPO at a valuation of $1.75 trillion. AI giants OpenAI and Anthropic are also planning public debuts in late 2026. Securities lending revenues reached $1.47 billion in March, reflecting a 36% year-on-year increase.