Why new gTLD registry providers don't publish their offer(s) yet?

The reason new gTLD registry providers haven't published their offers yet is primarily because the next round of the New gTLD Program is still in its preparatory stages and the official application window has not opened.

Here's a breakdown of the key factors:

• ICANN's Timeline: The Internet Corporation for Assigned Names and Numbers (ICANN), which manages the global domain name system, is currently working through various crucial preparatory phases for the "New gTLD Program: Next Round." The application window for new gTLDs is projected to open in April 2026 and last for 12-15 weeks.
• Applicant Guidebook (AGB) and Base Registry Agreement (RA): A critical document that lays out all the rules, requirements, and processes for applying and operating a new gTLD is the Applicant Guidebook (AGB). ICANN is still finalizing this, along with the Base Registry Agreement (the contractual document between ICANN and registry operators). The complete draft AGB was expected to be published for public comment in May 2025, and the final AGB is anticipated to be approved by the ICANN Board around December 2025/early 2026. Without these finalized documents, registry providers cannot formulate their complete offers.
• Registry Service Provider (RSP) Evaluation Program: New gTLD applicants are required to use RSPs that have been successfully vetted through ICANN's RSP Evaluation Program. While the first phase of pre-evaluation for RSPs closed in May 2025, ICANN will publish a list of approved RSPs around December 2025. This list is crucial for applicants to select their technical partners, which in turn influences the services and pricing registry providers will offer.
• Ongoing Public Comment Periods: ICANN continues to seek community feedback on various aspects of the program, including the draft Base gTLD Registry Agreement. This iterative process of gathering and incorporating feedback means that the exact terms and conditions are still evolving.
• Financial and Operational Planning: Setting up and operating a new gTLD is a significant undertaking, requiring substantial financial and technical capabilities. Registry providers are likely in the process of refining their business models, technical infrastructure, and financial projections in anticipation of the official program launch. They need to understand the final costs, requirements, and market demand before publishing concrete offers.

In essence, registry providers are waiting for ICANN to finalize the "rules of the game" before they can confidently put forward their commercial offers to potential applicants.