Energy IPOs Surge to Fastest Pace in Decades as Investors Bet on AI Data Centers

Energy companies raised $12.6 billion through initial public offerings in the first half of this year, the highest half-year total since the peak of the dotcom bubble in 1999 and a record for the first six months of any year. This pace far exceeds 2025's full-year total of $4.3 billion. The surge reflects investor demand for ways to capitalize on the growing energy needs of AI data centers, which have become a critical bottleneck in the multi-trillion-dollar AI investment boom.