The IPOX® Update 6/14/2025
The IPO market is showing strong signs of a rebound in mid-2025, fueled by improving economic stability and renewed investor confidence. After a period of caution, a solid pipeline of companies, particularly in the technology and life sciences sectors, is now emerging. High-profile debuts have performed well, encouraging other unicorns to accelerate their listing plans. While market volatility remains a consideration, the overall sentiment is optimistic for a more active and receptive second half.
The IPOX® Update 6/6/2025
Global IPO markets are active, with strong showings in the Middle East as Saudi airline flynas and healthcare firm SMC launch successful offerings. The Asia-Pacific region is also bustling with major listings in the Philippines and Australia, while Hong Kong's market rebounds. In contrast, London faces setbacks as fintech Wise shifts its primary listing to the U.S. and Cobalt Holdings cancels its float, even as U.S. crypto and aerospace firms successfully go public.
The IPOX® Update 5/30/2025
Global IPO activity remains dynamic. The U.S. sees Netskope targeting a $5B+ IPO valuation and Omada Health raising $158M. Europe anticipates a potential £4.5B Automobile Association deal and Cobalt Holdings' $230M IPO. In Asia-Pacific, Shein considers a Hong Kong listing, Sony plans a major financial arm spin-off, and 'Baby Shark' creator Pinkfong files its IPO, showcasing diverse market movements across key financial hubs.
The IPOX® Update 5/23/2025
Global IPO markets exhibit robust activity across regions. MENA sees significant listings like Flynas raising $1.1B and Dubai Residential REIT's $584M debut. In the U.S., Circle targets a $5B+ IPO valuation, alongside Medtronic's diabetes unit spin-off and Voyager's NYSE filing. Asia-Pacific highlights Maynilad's $820M IPO and new Chinese regulations for overseas listings, while Europe shows activity with Cobalt Holdings and a potential Sentia IPO, signaling broad market momentum.
The IPOX® Update 5/16/2025
Global IPO activity is buzzing, with significant movements across regions. In the U.S., tech firms like Figma are gearing up for major listings, while Omada Health has filed. The Asia-Pacific market, particularly Hong Kong, shows renewed vigor with CATL's $4.6 billion deal and substantial offerings from Jiangsu Hengrui and Foshan Haitian. Meanwhile, Dubai Residential REIT's offering in the MENA region saw strong demand, and Europe's Newlat Food is exploring a London IPO.
The IPOX® Update 5/9/2025
Global IPO markets show varied activity. In the U.S., travel tech firm Navan is preparing a significant IPO potentially valued over $8 billion, while eToro targets a $4 billion valuation. Asia-Pacific is bustling, highlighted by CATL's $5 billion Hong Kong listing and Chery Automobile's $1.5 billion plan. The MENA region, particularly Saudi Arabia with flynas and strong Q1 results, alongside a new Dubai REIT, displays robust momentum. Europe sees future plans from BASF's agriculture arm.
The IPOX® Update 5/2/2025
Market volatility continues to influence global IPO plans. In the U.S., HistoSonics explores a $2.5B+ sale instead of an IPO. Shein weighs U.S. restructuring as tariff risks impact its London IPO ambitions. Asia-Pacific sees mixed activity: CATL launches its major Hong Kong listing and Eco-Shop its Malaysian IPO, but Vietnam's Masan Consumer delayed its IPO and two large Korean listings were pulled. MENA sees potential IPOs from CloudKitchens, iMENA, and Etihad under consideration.
The IPOX® Update 4/25/2025
Despite market headwinds, IPO activity persists. Chinese broker Yuanbao launched its $30M US IPO, while Vedanta mulls a potential $1B US listing for its copper assets. Europe sees German firm Pfisterer and Greece's Qualco plan IPOs around €100M each. Asia-Pacific remains active, with Robex launching a ~$77M Australian IPO, multiple Hong Kong listings underway (Breton, Green Tea, Xiao Noodles), Tekscend eyeing Tokyo, and Galaxy targeting a $1B Korean IPO for 2026.
The IPOX® Update 4/21/2025
Despite global market volatility delaying IPOs like Ebury's £2bn London plan, activity continues. Figma filed for a US IPO after Adobe's deal failed. Saudi Arabia sees ongoing listings (UCIC, Flynas, Barn's), while South Korea's DN Solutions launched a $1bn+ IPO. China Southern eyes a Hong Kong IPO for its cargo unit, Zhipu AI started its A-share process, Eco-Shop plans its Malaysian IPO, and ABB targets a 2026 robotics spin-off.
The IPOX® Update 4/12/2025
Global IPO and M&A markets face significant disruption from U.S. tariffs and trade war fears, causing widespread delays. Companies like Klarna, Chime, eToro, 1komma5, and Nodica have postponed listings, particularly those targeting U.S. exchanges. Volatility also impacted Cuckoo Malaysia's IPO plans. Despite this, Chagee launched its Nasdaq IPO, CATL gained approval for a large Hong Kong listing, Shein secured UK approval, and Virgin Australia targets a June IPO in Sydney.
The IPOX® Update 4/5/2025
Global IPO market faces significant headwinds as tariff announcements trigger widespread delays. Key players Klarna, StubHub and eToro have all postponed their public debuts amid market turmoil, with IPOX analyst Lukas Muehlbauer noting that "market instability naturally makes any company hit the brakes on near-term IPO plans."
The IPOX® Update 3/29/2025
The global IPO market maintains momentum as diverse offerings advance across regions. eToro leads with a $750M Nasdaq filing after profits soared to $192M, while Chinese tea chain Chagee targets up to $500M for its U.S. debut. Cerebras faces regulatory delays over Abu Dhabi investment ties. In Europe, Volkswagen explores a potential €5B listing for MAN Energy Solutions, while UAE renewable giant Masdar begins evaluating Abu Dhabi and potential New York listings to fund its ambitious 100GW capacity expansion goals.
The IPOX® Update 3/21/2025
The IPOX® Update highlights major upcoming public offerings across global markets. Leading the pack is CoreWeave's $2.7B Nasdaq listing alongside significant deals from Klarna ($1B+), Ukraine's Kyivstar ($2.2B), and Hinge Health ($500M). The report covers 13 companies preparing to go public across the U.S., Europe, and Asia-Pacific regions, with detailed insights on valuations, timing, and market challenges.
The IPOX® Update 3/15/2025
AI and health tech lead March's IPO surge with CoreWeave securing a $12B OpenAI contract ahead of its New York debut, while Hinge Health files to raise $500M. The pipeline remains robust across regions with StubHub targeting $1B+ in the US, South Korea's DN Solutions seeking $1B in Seoul, and Air Baltic planning a London listing. MENA markets show strength with Umm Al Qura's offering attracting over $1B from retail investors alone, while China's tech sector sees renewed listing momentum.
The IPOX® Update 3/8/2025
AI-powered CoreWeave targets $4B raise at $35B valuation, while fintech giant Klarna prepares $1B+ New York debut. Tech dominates upcoming listings with cryptocurrency exchanges Gemini and Kraken, design platform Figma, and communications app Discord all planning 2025 offerings. Europe and Asia-Pacific markets see continued activity with healthcare, finance and industrial firms leading the charge.
The IPOX® Update 3/1/2025
Global IPO activity is spread across regions. In the U.S., CoreWeave and Holcim's Amrize are planning major listings. Europe sees Olam Food Ingredients gearing up for a London IPO and Northern Data for Frankfurt uplisting. Asia-Pacific is vibrant with Mixue's Hong Kong IPO seeing huge demand and JX Advanced Metals launching a large Tokyo IPO. Saudi Arabia's Umm Al Qura IPO in MENA was heavily oversubscribed, showcasing diverse IPO opportunities globally.
The IPOX® Update 2/22/2025
Global IPO markets are active with diverse listings planned across regions. Hong Kong anticipates large offerings from Kayou ($500M) and Mixue ($443M), while Malaysia's Eco-Shop eyes $212M. Oman's Asyad Shipping targets $333M, and Abu Dhabi's Alpha Data, $163M. Saudi Arabia expects a record IPO year. In the US, Redcloud revives a smaller offering. Europe sees potential listings from Swedish SBB and German OLB, with Shein considering London amidst valuation pressures. Singapore aims to attract Chinese listings.
The IPOX® Update 2/14/2025
Global IPO activity is high, especially in the US with Klarna's potential $15B IPO. Asia-Pacific is highlighted by JX Advanced Metal's potential record $3B Japan IPO and Mixue's $500M HK listing. Europe sees Novo Banco's €5B IPO and London vying for listings like IVC Evidensia and CurrentBody.
The IPOX® Update 2/7/2025
Robust global IPO activity across multiple sectors: Significant US listings include SailPoint, projecting an $11.5B valuation, and DailyPay, targeting $3-4B. Honeywell's planned spin-offs represent a notable corporate restructuring. European markets are active, featuring Novo Banco and CurrentBody. In Asia, MMC Port's anticipated $1.34B Malaysian IPO highlights the region's strength. The Middle East maintains a positive outlook, with Saudi Arabia driving deal flow.
The IPOX® Update 2/1/2025
Large potential IPOs are emerging across regions. In the US, Silvus considers a $5B valuation IPO, while Histosonics aims for a multi-billion dollar valuation. SailPoint eyes a $1B Nasdaq return. Europe sees EcoCeres planning a $5B IPO and HBX Group with strong book coverage for its Amsterdam listing.