Energy IPOs Hit Highest Level Since Dotcom Boom as AI Data Center Power Demand Drives Investor Interest

Energy companies are raising money through initial public offerings at the fastest pace this century, with $12.6 billion raised in the first half of the year—the highest half-year total since the dotcom bubble of late 1999 and well above the $4.3 billion raised in all of 2025. The surge is driven by investors seeking ways to profit from the booming demand for power-hungry AI data centers, as access to energy becomes a critical bottleneck in the multi-trillion-dollar AI investment boom.