NRB Inc. (Ticker: 475230 KS) is a South Korean company specializing in the modular construction industry. NRB plans to list on the KOSDAQ on July 28, 2025, offering 2.1 million shares priced at KRW 21,000 each. The company expects to raise KRW 44.1 billion (USD 32.08 million). This offering gives NRB Inc. an initial market capitalization of approximately USD 159.4 million. The company focuses on Off-Site Construction (OSC), where building units are manufactured in a factory and assembled on-site to increase efficiency. Proceeds from the IPO will reportedly be used to expand manufacturing capacity and for general corporate purposes. The offering is managed by NH Investment & Securities Co Ltd.

Nanjing Leads Biolabs Co Ltd (Ticker: 9887 HK) is a Chinese clinical-stage biotechnology company focusing on developing therapies for oncology and autoimmune diseases. Leads Biolabs plans to list on the Hong Kong Stock Exchange on July 25, 2025, offering 36.86 million shares priced at HKD 35.00 each. The company aims to raise approximately HKD 1.29 billion (USD 164.38 million), giving it a market capitalization at offer of around USD 189 million. The proceeds will reportedly fund research and development for its pipeline, including its core product LBL−024, a bispecific antibody for treating various solid tumors. The company's portfolio includes multiple clinical and pre-clinical drug candidates. The offering's global coordinators include Morgan Stanley Asia Ltd, CLSA Ltd, and CMB International Capital Ltd.

Dowooinsys Co Ltd (Ticker: 484120 KS) is a South Korean company specializing in the research, development, and manufacturing of Ultra-Thin Glass (UTG) for foldable electronic devices. Dowooinsys plans to list on the KOSDAQ on July 24, 2025, offering 1.4 million new shares at an expected price range of KRW 29,000 to KRW 32,000 per share. This aims to raise between KRW 40.6 billion and KRW 44.8 billion (approximately $31.44 million). The company is reportedly a key UTG supplier for Samsung Display's panels used in the Galaxy Z Fold series, and also supplies its technology to Google and major Chinese smartphone manufacturers. The offering consists entirely of new shares, with Kiwoom Securities Co Ltd managing the deal.

Accelerant Holdings (Ticker: ARX US) is a Cayman Islands-domiciled company specializing in a data-driven risk exchange that connects specialty insurance underwriters with risk capital partners. Accelerant plans to list on the New York Stock Exchange on July 24, 2025. The company offered 34.46 million shares priced at $21.00 each, raising a total of $723.68 million. The IPO consists of both primary and secondary shares, with proceeds from the approximately 20.28 million primary shares reportedly going to the company. The final offer was upsized from the initial plan and priced above the marketed range of $18.00-$20.00. At its IPO price, Accelerant Holdings has an approximate market capitalization of $2.12 billion.

McGraw Hill Inc (Ticker: MH US) is a United States company specializing in educational software solutions. The company develops adaptive learning, study content, and learning products for the K-12 and higher education markets, serving students and educators globally. McGraw Hill plans to list on the NYSE, expected on July 24, 2025. The company is offering 24,390,000 shares, with a price range of $19.00 to $22.00 per share, aiming to raise approximately $500 million. The offering consists entirely of primary shares, so the proceeds will reportedly go to the company. The IPO is being managed by bookrunners including Goldman Sachs, BMO, and J.P. Morgan.

Carlsmed, Inc. (Ticker: CARL US) is a U.S. medical technology firm that creates personalized solutions for spinal surgery. Using its 'aprevo' technology, the company employs artificial intelligence to design 3D-printed implants tailored to each patient's anatomy, focusing on lower back procedures. Carlsmed is planning its IPO on the NASDAQ Stock Exchange for July 23, 2025. It intends to sell 6.7 million shares to the public, with an initial price estimated between $14.00 and $16.00 per share. This sale is expected to raise about $100.5 million for the company, placing its total market value at approximately $397.7 million. The offering is being managed by BofA Securities, Goldman Sachs, and Piper Sandler.

NIQ Global Intelligence plc (Ticker: NIQ US) is a United States based company specializing in consumer intelligence. NIQ Global Intelligence provides brands and retailers with a complete view of consumer shopping behavior globally to help drive mission-critical strategic and operating decisions. The company plans to list on the NYSE on July 23, 2025, planning to offer 50,000,000 shares at a price range of $20 to $24 per share. At the midpoint of this range, the IPO offer size is approximately $1.1 billion. The offering consists entirely of primary shares, with the proceeds reportedly going to the company. The lead bookrunners for the deal include J.P. Morgan, BofA, and UBS.

Beijing Shougang LanzaTech Technology Co Ltd. (2553 HK) is a China-based company in the carbon capture, utilization, and storage (CCUS) industry. Shougang Lanza is focusing on producing low-carbon products, including ethanol and microbial protein, through carbon capture and synthetic biotechnology. The company plans to list on the Hong Kong Stock Exchange on July 15, 2025, offering 20.16 million shares. The expected price range is HK$14.50 to HK$18.88, to raise up to HK$380.62 million (approx. $48.5 million), with a market capitalization of $808.34 million. According to reports, the proceeds will be used to fund the construction of its sustainable aviation fuel (SAF) production facilities, for research and development, and for working capital.

NTT DC REIT (NTTDCR SP) is a real estate investment trust specializing in data centres. Sponsored by Japan's NTT Group, NTT DC REIT plans to list on the Singapore Exchange on July 14, 2025. The trust is offering 600 million units at US$1.00 each, to raise US$600 million. Proceeds from the offering will reportedly be used to acquire its initial portfolio of six data centres located in the United States, Austria, and Singapore, with a total appraised value of around US$1.6 billion. The IPO has attracted cornerstone investors including Singapore's sovereign wealth fund, GIC.

Daishin Value Reit Co Ltd (Ticker: 0030R0 KS) is a South Korean real estate investment trust from Daishin Financial Group. The REIT plans to list on the Korea Stock Exchange on July 10, 2025. It is offering 19.3 million new shares at a fixed price of KRW 5,000 each. The offering is expected to raise KRW 96.5 billion (approximately USD 69 million), with an anticipated market capitalization of KRW 298.9 billion (around USD 213.8 million). The IPO consists entirely of a primary share offering. Daishin Value REIT is the first public offering REIT to be launched by Daishin Financial Group. The offering is reportedly managed by Daishin Securities and Korea Investment & Securities Co.

Fortior Technology Shenzhen Co Ltd (Ticker: 1304 HK) is a China-based company that designs specialized chips to control and improve the efficiency of brushless motors. These motors are commonly found in household appliances, drones, power tools, and industrial applications. Fortior Technology plans to list on the Hong Kong Stock Exchange on July 9, 2025, offering 16.30 million shares. The company expects to raise HKD 1.96 billion (USD 250.21 million) at a price of HKD 120.50 per share. According to the prospectus, Fortior was the first Chinese company to focus on this chip technology and ranked sixth by revenue in China's market for these components in 2023. The offering is managed by BOCI Asia, China International Capital Corp, and GF Securities.

EnergyVision NV (Ticker: ENRGY BB) is a Belgian company focused on providing solar energy and electric vehicle (EV) charging solutions for businesses and residential customers. EnergyVision plans to list on Euronext Brussels on or around July 9, 2025. The company is offering new shares with an indicative price range of €9.50 to €11.50 per share. It aims to raise between €49.9 million (approximately USD 58.9 million) and €66 million (approximately USD 77.9 million). According to the prospectus, the company intends to use the net proceeds to support the expansion of its solar and EV charging business models, pursue potential M&A opportunities, and for general corporate purposes. The founders are expected to retain a controlling stake post-IPO.

Semco Technologies (Ticker: ALSEM FP) is a French company specializing in the design and manufacture of strategic components for the next-generation semiconductor industry. Semco Technologies, a subsidiary of ECM Group, plans to list on Euronext Growth Paris on July 9, 2025. The company is offering shares at a fixed price of €15.00 each, raising approximately €4 million in new capital, alongside a sale of existing shares worth about €36 million by its parent. The total gross amount could reach €52.9 million (approx. $62 million) if all options are exercised. According to the company, proceeds from the new shares will be used to invest in production facilities, technology, and commercial strategy, while the sale of existing shares provides liquidity to the selling shareholder, ECM Technologies.

Cirsa Enterprises SA (Ticker: CIRSA SM) is a Spanish casino and gaming hall operator backed by Blackstone. The company plans to list on the Spanish Stock Exchange on July 9, 2025, offering shares at a fixed price of €15.00. The deal aims to raise approximately €454.5 million (about USD 535 million), targeting a valuation of €2.5 billion (approximately USD 3 billion). The IPO consists mainly of new shares, with a smaller secondary offering from a Blackstone-controlled entity. According to reports, the bulk of the proceeds from the primary offering will be used to pay down corporate debt and accelerate its growth strategy. 

Beijing Geekplus Technology Co., Ltd. (2590 HK) is a Chinese company specializing in autonomous mobile robot (AMR) solutions for warehouse and factory automation. Geekplus plans to list on the Hong Kong Stock Exchange on July 9, 2025, offering 140.35 million shares at HK$16.80 each to raise approximately HK$2.36 billion (around $300.4 million). The offering gives the company a market capitalization of approximately $2.78 billion. According to reports, Geekplus is a leader in the global warehouse fulfillment AMR market by revenue. The company reportedly intends to use the funds raised for research and development, expanding its global sales network, and for working capital.

Lens Technology Co., Ltd. (6613 HK) is a Chinese company specializing in integrated precision manufacturing solutions. The company is a leading global supplier of structural parts and modules for consumer electronics and smart vehicle interaction systems, such as cover glass and metal frames. Lens Technology plans to list on the Hong Kong Stock Exchange on July 7, 2025. It is offering 262.26 million shares with an expected price range of HK$17.38 to HK$18.18, aiming to raise up to HK$4.77 billion (approximately $607.4 million). According to its prospectus, the company is already listed on the mainland. The proceeds from the Hong Kong listing will reportedly be used for expanding production capacity for smart vehicle components, research and development in new materials, and for further global expansion.

Wuhan Dazhong Dental Medical Co., Ltd. (2651 HK) is a Chinese company and the largest private dental services provider in Central China by revenue. The company provides a comprehensive range of dental services, including general dentistry, implantology, and orthodontics, through its network of over 90 dental institutions. Dazhong Dental plans to list on the Hong Kong Stock Exchange on July 9, 2025. The company is offering 10.86 million shares within a price range of HK$20.00 to HK$21.40, aiming to raise up to HK$232.44 million (approximately $29.6 million). The company reportedly plans to use the IPO proceeds to expand its network of dental clinics, upgrade equipment, and for general working capital.

FWD Group (Ticker: 1828 HK) is a Hong Kong-based Pan-Asian life insurance company with a customer-led and technology-enabled model operating across ten markets. FWD Group plans to list on the Hong Kong Stock Exchange on July 7, 2025, planning to offer 91.3 million shares at HK$38.00 apiece, raising HK$3.47 billion ($442.08 million). The deal values the insurer at approximately $6.15 billion. The company reportedly plans to use the IPO proceeds to improve its capital position, reduce debt, and grow its customer base and digital strategies. This is the insurer's third attempt at an IPO, with cornerstone investors including Abu Dhabi's Mubadala Capital and a subsidiary of Japan's T&D Holdings.

Beijing Xunzhong Communication Technology Co., Ltd. (2597 HK) is a Chinese company specializing in cloud-based communication services, including Call Center services, Communications Platform as a Service (CPaaS) and Contact Center as a Service (SaaS). Xunzhong plans to list on the Hong Kong Stock Exchange on July 9, 2025. The company is offering 30.44 million shares in a price range of HK$13.55 to HK$15.15, aiming to raise up to HK$461.17 million (approximately $58.75 million). According to its prospectus, the company's shares are already listed on the NEEQ in China. The proceeds from the Hong Kong listing will reportedly be used to enhance its research and development capabilities, especially in AI, upgrade its CPaaS platform, and for general corporate purposes.

Anjoy Foods Group Co Ltd (Ticker: 2648 HK) is a Chinese company specializing in the manufacturing and distribution of quick-frozen food products, including processed items, prepared dishes, and flour and rice products. Anjoy Foods Group plans to list on the Hong Kong Stock Exchange on July 4, 2025, offering 39.99 million shares at HKD 66.00 each to raise HKD 2.64 billion (approximately $336.3 million). The IPO reportedly gives the company a market capitalization of around $2.8 billion. While a specific use of proceeds was not detailed, funds from an IPO are typically used for purposes such as expanding production capacity, strengthening distribution networks, brand development, and general corporate purposes.

GemLife Communities Group (Ticker: GLF AU) is an Australian company specializing in the development, construction, ownership, and operation of premium Land Lease Communities for individuals over 50. GemLife plans to list on the ASX on July 3, 2025, through an IPO of stapled securities. The company aims to raise AUD 750 million (approximately USD 484.4 million) by offering securities at a price of AUD 4.16 each. This is expected to result in a market capitalization of approximately AUD 1.58 billion. According to the prospectus, the IPO proceeds will be used to fund the acquisition of the Aliria Portfolio, repay existing debt, cover offering costs, and for general working capital. The company is a vertically integrated operator, and its founding partners will reportedly remain the largest securityholders post-listing.

Cloudbreak Pharma Inc. (Ticker: 2592 HK) is a Hong Kong-based, clinical-stage ophthalmology biotechnology company focusing on the development of treatments for eye diseases. Cloudbreak Pharma plans to list on the Hong Kong Stock Exchange on July 3, 2025, offering 60.58 million shares at HKD 10.10 to raise HKD 611.88 million (approximately $77.95 million). The company's market capitalization at the time of the offer is reportedly $1.08 billion. According to company documents, proceeds from the offering will likely be used to fund the ongoing clinical trials for its core products, CBT-001 for pterygium and CBT-009 for juvenile myopia, and to advance its pipeline of other clinical and pre-clinical drug candidates.

CapsoVision, Inc. (Ticker: CV US) is a US company specializing in commercial-stage medical technology, developing capsule endoscopy solutions that use advanced imaging and artificial intelligence to identify gastrointestinal tract abnormalities. CapsoVision plans to list on NASDAQ on July 1, 2025, offering 5.25 million shares at a price range of $5.00 to $5.50 to raise approximately $28 million. The company has a proposed market capitalization of $242 million. CapsoVision reportedly plans to use the IPO proceeds to grow its sales and marketing team, fund research and development for future products, including an AI-assisted update to its CapsoCam Plus system, and for working capital.

IFBH Ltd (6603 HK) is a Thailand-based company specializing in ready-to-consume beverages, such as coconut water and fruit juice-based drinks. A spin-off from the international business of General Beverage, IFBH focuses on the if and Innococo brands in markets outside of Thailand. The company plans to list on the Hong Kong Stock Exchange on June 30, 2025. It is offering 41.67 million shares, priced between HKD 25.30 and HKD 27.80. The IPO aims to raise approximately HKD 1.16 billion (USD 147.56 million). IFBH Ltd reportedly plans to use the proceeds for research and development, brand promotion and business development, as well as for working capital and strategic acquisitions.

Medtide Inc. (3880 HK) is a China-domiciled, peptide-focused contract research, development, and manufacturing organization (CRDMO). It provides full-cycle services from early-stage discovery to commercial-stage production of peptide APIs, with a strategic focus on the high-growth GLP-1 drug market. Medtide plans to list on the Hong Kong Stock Exchange on June 30, 2025, offering 16.8 million shares priced between HKD 28.40 and HKD 30.60. The company expects to raise up to HKD 514.08 million (USD 65.49 million). According to reports, the proceeds will be used primarily to expand manufacturing capacity and enhance R&D capabilities, with the remainder allocated to working capital and general corporate purposes.

Rent Corp (372A JP) is a Japanese company specializing in the rental of equipment and vehicles for various industries, including construction, transportation, and on-site office support. Rent Corp plans to list on the Tokyo Stock Exchange on June 30, 2025, offering 844,000 shares at a price of JPY 4,330. The IPO is expected to raise approximately JPY 3.65 billion ($25.31 million), giving the company a market capitalization of JPY 16.28 billion ($112.74 million) at the offer price. The offering consists of a mix of primary (59.24%) and secondary (40.76%) shares, meaning proceeds will go to both the company and selling shareholders. The offering, which is managed by Mizuho Securities Co Ltd, also includes a greenshoe option for an additional 126,600 shares.

Unisound AI Technology Co Ltd (9678 HK) is a China-domiciled company specializing in conversational AI products and solutions for daily life and healthcare. The company's technology is centered around its proprietary UniBrain platform and its large language model, UniGPT. Unisound AI Technology plans to list on the Hong Kong Stock Exchange on June 30, 2025. The company intends to offer 1.56 million shares at a price range of HKD 165.00 to HKD 205.00, aiming to raise approximately HKD 320 million (USD 40.76 million). Proceeds from the IPO will reportedly be used to scale its Atlas AI infrastructure, fund R&D, pursue international expansion, and invest in new verticals and strategic partnerships.

Saint Bella Inc. (2508 HK) is a leading Chinese postpartum care and recovery group, reportedly the largest in Asia by revenue from its centers. The company plans to list on the Hong Kong Stock Exchange on June 26, 2025. It is offering 95.42 million primary shares at a fixed price of HK$6.58 each to raise HK$627.86 million (approx. USD 79.98 million). Saint Bella operates a network of 96 premium postpartum centers under the Saint Bella, Bella Isla, and Baby Bella brands across China, Hong Kong, Singapore, and the U.S. According to reports, the company intends to use the IPO proceeds to expand its service network, strengthen brand recognition, upgrade IT systems, and for general working capital.

Jefferson Capital Inc. (JCAP US) is a United States company specializing in the acquisition and management of distressed consumer debt, such as charged-off credit card balances and auto loans across the Americas and the U.K. Jefferson Capital plans to list on the NASDAQ Global Select Market on June 26, 2025. The company and its stockholders are offering 10.0 million shares within a price range of $15.00 to $17.00 each, aiming to raise up to $170 million. The IPO is primarily a secondary offering, with existing investors selling 9.38 million shares and the company offering just 625,000. Consequently, the vast majority of proceeds will go to the selling stockholders, not the company.

Eternal Beauty Holdings Ltd (6883 HK) is a Hong Kong-based company specializing in perfume distribution and brand management. Eternal Beauty plans to list on the Hong Kong Stock Exchange on June 26, 2025. The company is offering 333.4 million primary shares with a price range of HK$2.80 to HK$3.38 apiece, aiming to raise up to HK$1.13 billion (approx. USD 143.55 million). According to reports, Eternal Beauty is the largest perfume brand management company in China, including the mainland, Hong Kong, and Macau, based on 2023 retail sales. Its distribution portfolio includes luxury brands such as Hermes, Van Cleef & Arpels, and Coach. The IPO consists entirely of new shares.