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IPOX® in the News
A recent Reuters article highlights Medtronic’s plan to spin off its diabetes unit, MiniMed, targeting a $7.9 billion valuation in its upcoming U.S. IPO. Seeking to raise up to $784 million, the move allows Medtronic to focus on high-margin growth markets. IPOX® Research Associate Lukas Muehlbauer provided expert commentary on the spin-off, noting that while MiniMed offers investors pure-play exposure to diabetes technology as an established business, its recent net losses mean investors will demand a clear path to profitability.
Reuters highlights Generate Biomedicines' upcoming U.S. IPO, targeting a $2.17 billion valuation. As the biotech IPO market resurges, the firm aims to raise $425 million for its AI-driven drug discovery pipeline. IPOX® Research Associate Lukas Muehlbauer provided expert commentary, noting that Generate's institutional backing and pharma partnerships offer significant credibility. However, he emphasized that investors will closely scrutinize the platform's valuation, demanding clear proof of its AI capabilities.
Reuters reports that Wall Street broker Clear Street has withdrawn its U.S. IPO amid market volatility and AI disruption fears. The withdrawal highlights ongoing challenges for fintech firms navigating weak sector sentiment. IPOX® VP Kat Liu provided expert commentary, noting the risks of forcing a poorly received offering. "If demand wasn't there even at a severe discount, pushing through a weakly received deal would have risked the stigma of a 'failed' IPO," Liu explained
A recent Bloomberg article notes that while recent European stock debuts face market pressure, traditional sectors like banking and energy demonstrate strong resilience. Amid a slow market for follow-on offerings, IPOX® Research Associate Lukas Muehlbauer commented on the challenges of underwater stocks.
A recent Reuters article highlights Blackstone-backed Liftoff Mobile's decision to withdraw its U.S. IPO amid a sharp software sector selloff. This sudden delay reflects broader market volatility driven by rapid AI advancements threatening established economic moats. IPOX® Research Associate Lukas Muehlbauer provided expert commentary on the situation, noting that private equity sponsors prefer withdrawing over accepting deeply disappointing valuations. Muehlbauer emphasized that current investor skepticism is a healthy sign of a disciplined market, preventing overheating and benefiting long-term pipeline stability.
The IPOX® Update
The U.S. IPO market faces headwinds as Clear Street and Liftoff Mobile withdraw their listings. IPOX® Associate Lukas Muehlbauer and IPOX® VP Kat Liu noted that AI-driven volatility and crypto declines forced these moves to avoid "failed" IPO stigmas. Meanwhile, Bain Capital explores a $3 billion IPO for Dessert Holdings. In Europe, Thyssenkrupp plans a $13.5 billion materials spin-off, while UI Boustead REIT preps a $788 million Singapore float.
Goldman Sachs predicts a historic $160 billion U.S. IPO boom in 2026, though market volatility is currently testing recent listings. ARKO Petroleum debuted softly at an $808 million valuation, with IPOX® VP Kat Liu noting investors are "approaching deals with caution." Consequently, Clear Street and Agibank recently downsized or postponed their offerings. Globally, mega-deals continue to advance as DayOne targets a $20 billion U.S. listing and PayPay files for $1.5 billion. Meanwhile, IPOX® Associate Lukas Muehlbauer warns of volatility risks amid Saudi Arabia’s retail IPO push.
Nvidia eyes a stake in OpenAI ahead of IPO. IPOX® Associate Lukas Muehlbauer highlights the strength of defense listings following York Space Systems’ $4.75 billion debut, though software volatility forces Liftoff Mobile and Visma to delay. Globally, Syngenta targets a $10 billion Hong Kong deal. Meanwhile, IPOX® CEO Josef Schuster warns on celebrity IPOs, and IPOX® VP Kat Liu analyzes tariff risks for Bob’s Discount Furniture.