Upcoming IPOs
Ambiq Micro, Inc. (Ticker: AMBQ US) is an American company specializing in ultra-low power semiconductor solutions for enabling Artificial Intelligence in edge devices. Ambiq Micro’s core innovation is its proprietary Sub-threshold Power Optimized Technology (SPOT) platform. The company plans to list on the New York Stock Exchange on July 30, 2025, offering 3.4 million shares at a price range of $22.00 to $25.00 per share. At the midpoint price, the company aims to raise approximately $79.9 million. The proposed market capitalization is approximately $400 million. Ambiq's Systems-on-Chip (SoCs) are utilized in various markets including smartwatches, medical devices, and industrial sensors. Lead managers for the offering include BofA Securities and UBS Investment Bank.
Shoulder Innovations, Inc. (Ticker: SI US) is an American medical technology company specializing in advanced implant systems for the shoulder surgery market. The company's ecosystem includes implant systems, preoperative planning technology, and efficient instruments designed to improve shoulder arthroplasty outcomes. Shoulder Innovations plans to list on the New York Stock Exchange on July 31, 2025. It intends to offer 5 million shares at a price range of $19.00 to $21.00, seeking to raise $100 million at the midpoint price. The IPO implies a market capitalization of approximately $398.5 million. The company aims to address challenges in shoulder surgical care by delivering predictable outcomes and procedural simplicity. Morgan Stanley and Goldman Sachs are among the lead managers.
Figma Inc. (Ticker: FIG US) is an American company providing a collaborative platform where teams create digital products and experiences. Figma plans to list on the New York Stock Exchange on July 31, 2025. The company intends to offer 36.94 million shares within a price range of $25.00 to $28.00. At the midpoint, the IPO could raise approximately $978.8 million, valuing the company at roughly $12.92 billion. According to the filing, the majority of shares (24.46 million) are being sold by existing shareholders, and the company will not receive proceeds from this portion. Figma reports that its platform is used by 95% of the Fortune 500. Morgan Stanley and Goldman Sachs are acting as lead managers for the offering.
Daehan Shipbuilding (Ticker: 439260 KS) is a South Korean company specializing in the construction of medium (Aframax) and large (Suezmax) vessels, including tankers and container ships. The company plans to list on the KOSPI exchange on August 1, 2025. It is offering 10 million shares priced at KRW 50,000 each, aiming to raise KRW 500 billion (approximately USD 365 million). The offering consists of 8 million new shares and 2 million existing shares. Proceeds will reportedly be used for preemptive investments in eco-friendly ship technologies to strengthen its global competitiveness. The IPO implies a market capitalization of around USD 1.4 billion and is jointly managed by KB Securities, NH Investment & Securities, and Shinyoung Securities.
Otofarma SpA (Ticker: OTO IM) is an Italian company specializing in the hearing care sector, focusing on the production, distribution, and after-sales assistance of professional hearing aids. Otofarma plans to list on Euronext Growth Milan on August 4, 2025. The company is offering 4.0 million primary shares within an expected price range of €5.00 to €5.75 per share. This is expected to raise approximately €23 million (about $27 million). Otofarma distributes its products mainly through a network of pharmacies across Italy, utilizing telemedicine solutions. The company reported a pro-forma production value of €15.9 million for 2024. Alantra Capital Markets is acting as the manager for the offering. Before the IPO, the company is wholly owned by Bartolomucci Holding.
Firefly Aerospace Inc. (Ticker: FLY US) is a U.S. company specializing in space and defense technology, providing launch, transit, and in-space operations solutions. Firefly Aerospace plans to list on the NASDAQ exchange with trading expected on August 7, 2025. The company intends to offer 16.2 million primary shares at a price range of $35.00 to $39.00 per share, seeking to raise up to $631.8 million. According to reports, the IPO is targeting a company valuation of approximately $5.5 billion. The company, noted for being the only commercial entity to achieve a fully successful Moon landing, serves national security, government, and commercial customers. Lead underwriters for the offering include Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo.
Axelspace Holdings Corporation (Ticker: 402A JP) is a Japanese company focused on the space sector, providing comprehensive services for small satellites and offering satellite imagery solutions. Its business is divided into AxelLiner, a one-stop service for satellite design, manufacturing, and operation, and AxelGlobe, an Earth observation platform. The company plans to list on the Tokyo Stock Exchange Growth market on August 13, 2025. It will offer 15,211,100 shares at a provisional price range of ¥345 to ¥375. At the midpoint price, the offering would raise approximately ¥5.48 billion (about $37 million USD), giving the company a market capitalization of around ¥24 billion (about $160 million USD). The lead underwriter for the IPO is SMBC Nikko Securities.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement (around $100 million) or minimum deal size requirement (around $25 million). Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) may not be included. Please refer to the Legal Disclaimer.