Editor’s Note: The biggest IPO winners are NOT in AI, robotics or space. An overlook group of IPOs have seen crazy gains in the last couple years. This includes 756% for IonQ, 1,332% for BTQ and 2,637% for D-Wave.
Don’t worry if you missed these winners. Because a new Pre-IPO could be the next big winner. And there’s still time for you to invest.
No revenues? Big losses? No problem!
That was case for an AI golf stock called Game Your Game (Nasdaq: GYGY) that just went public on the Nasdaq on Thursday.
Shares soared 98% yesterday – making this the 4th best performing IPO of the year.
Company: Game Your Game (GameGolf)
Exchange & Ticker: Nasdaq: GYGY
Reference Price: $8 per share
Implied Market Cap at IPO: ~$129 million
First Trading Day: July 30, 2026
No new capital was raised. Existing shareholders registered up to 16.1 million shares for resale – allowing them to sell in the open market now that the stock is free trading.
The product is the GameGolf KZN AI platform.
Sensors mount on your clubs and use an embedded neural network to detect and classify each shot, then send the data to a GPS tracker that pins the location on the course. No phone, no manual entry. A dashboard delivers strokes-gained analytics and shot dispersion maps. A feature called Smart Caddie recommends clubs and target lines from your own shot history.
The technology dates back to 2014 and has tracked more than 3 million rounds and 300 million shots across 36,000 mapped courses in over 140 countries.
That sounds great. But the company’s financials are the big problem.
Revenue was roughly $60,000 in the most recent annual period. The company reports net losses, negative operating cash flow, a working capital deficit, and its auditors have issued a going-concern note. KZN AI is still in beta ahead of a full commercial launch.
Funding has come from insiders and one outside lender.
Grafiti Group, controlled by former CEO Nadir Ali, holds roughly 65% of the voting power and has provided related-party promissory notes. Streeterville Capital bought the March convertible note that established the $8 reference price, holds warrants, and has a preferred stock facility referenced at up to $40 million.
Both are potential sources of selling pressure once shares are freely tradable.
So the 98% pop tells you something about a thin float and the market's appetite for anything with "AI" in the description. It doesn't tell you much about the business.
There are red flags all over this business. It’s exciting to see a stock double in its debut. Yet that’s not a reason to chase the stock price.
This business has a $250 million market cap. Essentially zero revenues. And insiders who will soon be able to dump their stock in the market.
Do you want to invest in the next big IPO – right before it starts trading?
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Ian Wyatt
Editor, IPO Watch