Energy IPOs Hit Record Pace as Investors Seek AI-Driven Power Plays

Energy companies raised $12.6 billion through initial public offerings in the first half of this year, the fastest half-year pace since the dotcom bubble in late 1999 and the highest first-half total on record. The surge is driven by investors seeking ways to profit from the enormous power demands of AI data centers, which have become a key bottleneck in the multi-trillion-dollar AI investment boom. The total already surpasses the $4.3 billion raised in all of 2025.