94 Filings Hit the Wire. Eight Were a Company Going Public.
We counted every filing that reached our tape over 27 days. What we found is why every "IPO feed" you have ever scrolled feels busy and tells you nothing. This is the audit, and the rule we wrote because of it.
Summary- 1,505 filings reached our EDGAR tape between August 13 and September 8, 2026.
- 328 were Section 16 insider forms; 164 were fund, ETF and unit-trust launches; 37 were Reg A; 12 were REIT and mortgage vehicles.
- On September 8 alone, 94 filings landed. Eight were a company moving through going public.
- The largest single category of noise is not junk — it is routine 10-Q, 8-K and Form 144 paperwork from companies that listed years ago.
- SPACs are real listings, so we did not delete them. They sit behind a switch that is off by default.
Every count below comes from our own EDGAR tape, not an estimate.
What is actually on the wire
An IPO feed sounds like a simple thing to build: take the SEC's filing stream and show it. We did exactly that, then sat down and read a month of it line by line. Roundhill ETF Trust. An MFS exchange traded funds trust. A staked-TRX crypto fund. A mortgage fund. A racehorse syndicate. Four Form 4s from executives at companies that went public in the 2010s.
What is BellipoBellipo is the first platform built entirely around the IPO lifecycle — from S-1 filing to first trade, lockup expiration, and beyond. We deliver real-time pipeline tracking, AI-powered S-1 briefs, and proprietary demand scoring, plus precision alerts: PING fires when pricing becomes official — typically the evening before trading, occasionally the morning of, always before the open — carrying the final offer price. STRIKE fires the instant the first trade prints. Retail investors get to prepare for IPO day with the same intelligence institutions take for granted.
Learn moreNone of those is a company going public. Here is the full month, sorted by category.
Figure 1 — 1,505 filings, Aug 13 – Sep 8, 2026- Insider paperwork — Forms 3, 4, 5
328
An executive sold shares in a company that listed years ago.
- Fund and trust launches
164
ETFs, closed-end funds, unit trusts. Not companies.
- SPACs and blank-check shells
51
Real listings, different animal. Kept behind a switch.
- Reg A offerings — 1-A, 253G2
37
A separate exemption, not a public offering.
- REITs and mortgage funds
12
Property vehicles, not operating companies.
- Everything else
913
Where the actual IPO filings live — alongside a great deal of 10-Q and 8-K housekeeping.
The finding I did not expect is inside that last row. A large share of it is 10-Qs, 8-Ks, Form 144s and 13Gs from already-public companies — Kraft Heinz, Repligen, MiMedx and others, all filing perfectly ordinary paperwork while trading on Nasdaq for years. Not junk. Just nothing to do with an IPO.
The IPO Command Center
A feed that shows you everything has decided nothing.
Bellipo is building one wire that carries only companies moving through going public — and the two signals that follow them: PING the evening a deal prices, STRIKE at the first trade. Founding members get in first.
Claim a Founding SpotFounding spots are limited · No credit card
Four cuts, written down so they can be argued with
A filter you cannot read is a filter you cannot trust, so here is ours in full. It is enforced in one file, and every record stays on the ledger — nothing is deleted, only withheld from the wire.
- Form allow-list. Admit S-1, F-1, S-11, DRS and their amendments; 424B pricing prospectuses; CERT and 8-A listing forms; EFFECT; and withdrawals. Everything else is out — Reg A, Forms 3/4/5, 10-Q, 8-K, 6-K, 144, 13G, 13D, S-8, 13F.
- SIC before name. Funds and trusts (6726, 6189, 6221) and REIT/mortgage vehicles (6500, 6552, 6798) are cut on their classification code. A name test runs only when a filer has no code, and never overrides a code that says otherwise. "Trust" in a company name is not evidence.
- Already listed is not going public. If EDGAR shows the filer trading on a national exchange, its filings are not IPO activity — unless the filing is tied to a deal already on our record, so our own coverage never falls off its own wire. This is the cut that takes September 8 from 28 rows to eight.
- SPACs are a choice, not a verdict. Blank-check shells are genuine listings and some readers follow them. They are off by default; one switch brings back their registration, pricing and listing filings while suppressing the amendment churn.
One residue we have not solved: a First Trust unit trust filing as "FT 13277", with no classification code and a name no rule catches. It is on the wire today. I would rather tell you about the one that slips through than pretend the filter is perfect.
Judgment is the product
Anyone can pipe EDGAR into a page. The work is deciding what does not belong there, writing that decision down, and living with the arguments. Ninety-four rows down to eight is not a smaller feed — it is the difference between a page you scroll past and a page where every line is a company moving toward a first trade.
That wire is one surface of the Bellipo record. The rest follows each of those companies through the lifecycle — filed, terms, pricing, first trade, and the months after — with two signals: PING the evening a deal's terms become final, and STRIKE the moment the first share trades.
Bellipo has no position in any security mentioned and receives no compensation for this article. This is an analysis of how a deal is structured, built from public filings — not investment, financial, legal, or tax advice, and not a recommendation to buy or sell any security. Figures cited to the issuer's registration statement; some are convenience conversions and may round. Do your own research.
IFWritten by
Isam Fathi
Founder & CEO, Bellipo
Building the IPO Command Center — so retail investors walk into IPO day with the same intelligence institutions take for granted.
Follow @bellipohqThe IPO Command Center
Don't watch the next IPO from the sidelines.
Track every IPO from S-1 filing to first trade. PING fires when pricing becomes official — typically the evening before trading, occasionally the morning of, always before the open — carrying the final offer price. STRIKE fires the instant the first share trades. Walk in ready, not reacting. Bellipo doesn't stop at the open — ORBIT follows the post-IPO window where the base forms. This is IPO Lifecycle Management (ILM).
Reserve Your Founding SpotFounding spots are limited · No credit card
Share via 𝕏LinkedInWhatsApp