The IPOX® Update 6/27/2026

U.S.

OpenAI IPO Reportedly Postponed to 2027 While Targeting Possible US$1 Trillion Valuation

OpenAI is reportedly considering delaying its IPO until 2027, while targeting a potential valuation of around US$1tn. The report says CEO Sam Altman would view a lower valuation as a non-starter, while CFO Sarah Friar supports delaying the IPO. OpenAI has reportedly not yet begun investor meetings, and prediction-market odds cited at the time suggested a high probability that the company would not go public before the end of 2026. (Source)

Bending Spoons Launches US$1.62 Billion Nasdaq IPO at About US$18.8 Billion EV

Bending Spoons, the Italy-based technology company that owns AOL and Vimeo, is seeking to raise about US$1.62bn in a Nasdaq IPO. The deal is expected to value the company at around US$18.8bn on an enterprise-value basis, with an indicated price range of US$26–US$28 per share. Pricing is expected after market close on June 30, 2026, and Goldman Sachs, J.P. Morgan, and Allen & Co. are listed among the underwriters. (Source 1) (Source 2)

Doncasters Raises US$919.3 Million in Upsized U.S. IPO and Opens Sharply Higher

Doncasters, an aerospace parts maker with exposure to aerospace, defense, industrial gas turbines, and AI-linked power demand, raised US$919.3m in an upsized U.S. IPO priced at US$33 per share. The shares opened 33.3% higher in the first trading session. IPOX® Associate Lukas Muehlbauer discussed the company’s nearly 250-year heritage, post-2020 turnaround, and revenue growth in Reuters coverage of the IPO and NYSE debut. (Source)

ITG Targets Up to US$429.3 Million in Nasdaq IPO

ITG, an AI data infrastructure company focused on high-bandwidth broadband networks, is seeking to raise up to US$429.3m through a Nasdaq IPO. The offering implies an enterprise value of about US$3.1bn, with pricing scheduled for June 30, 2026. Proceeds are expected to repay debt related to a dividend paid to Oaktree Capital Management, and the underwriters include Morgan Stanley, Citigroup, UBS, and Stifel. (Source)

CopperTech Metals Seeks US$423.5 Million NYSE IPO

CopperTech Metals, a Vedanta-related copper mining spin-off with exposure to the Konkola copper mine in Zambia, is pursuing a US$423.5m NYSE IPO. Pricing is expected on June 30, with a target market capitalization of about US$3.6bn. The deal is positioned within a broader mining IPO trend tied to demand for metals used in electrification and digitalization, with Citigroup, Cantor, BMO, RBC, and TD listed as underwriters. (Source 1) (Source 2)

Safepoint Withdraws Planned US$283.3 Million U.S. IPO

Safepoint, a Florida insurer, withdrew its planned U.S. listing after earlier seeking to raise up to US$283.3m. IPOX® CEO Josef Schuster told Reuters that the withdrawal appeared to reflect company-specific factors rather than broader weakness in the IPO market. The update came as the IPO market continued to regain momentum, including recent New York listings by Florida-based insurers. (Source)

Sinda Raises About US$213 Million in NYSE IPO but Falls in Debut

Sinda, an exploration-stage silver miner based in San Miguel de Allende, Mexico, raised approximately US$213m–US$215m in its U.S. IPO by selling 17.75m shares at US$12 each. The shares opened at US$10.80, about 10% below the IPO price, despite the deal being completed. IPOX® Research Associate Lukas Muehlbauer noted the company’s high-risk, high-reward profile, citing its attractive location and experienced backing alongside the uncertainty of pre-production mining companies. (Source 1) (Source 2) (Source 3)

Lime Plans US$180.9 Million Nasdaq IPO with Uber-Backed Profile

Lime, the U.S. micromobility company, is listed in the ECM calendar as planning a US$180.9m Nasdaq IPO under the ticker LIME, with expected pricing on June 30. Goldman Sachs, J.P. Morgan, and Jefferies are listed as underwriters, and Uber may buy up to US$20m of the offering. IPOX® Associate Lukas Muehlbauer highlighted Lime’s global scale, cash generation, and revenue growth, while noting seasonality, regulation, asset intensity, and city-level permit exposure as key market considerations. (Source)

Elroy Air Plans Nasdaq Listing Through SPAC Deal with at Least US$165 Million Proceeds

Elroy Air, a developer of autonomous heavy-cargo drones for defense and logistics applications, plans to become publicly traded through a SPAC combination valued at around US$1bn. The transaction is expected to bring in at least US$165m from investors, with up to US$230m potentially available from the SPAC trust. The planned Nasdaq ticker is ELRY, and the deal is expected to close in late 2026. (Source)

Hub International Confidentially Files for U.S. IPO After US$29 Billion Valuation Round

Hub International, a large North American insurance brokerage backed by Hellman & Friedman, has confidentially submitted IPO paperwork in the United States. The offering size, share count, and price range have not yet been disclosed, but the company was valued at about US$29bn in a 2025 funding round led by T. Rowe Price, Alpha Wave Global, and Temasek. Hub operates across property and casualty, reinsurance, life and health, and employee benefits, with around 21,000 employees and 570 offices in North America. (Source)

Europe

KNDS Planned Frankfurt and Paris IPO Advances After German State Stake Approval

KNDS, the Franco-German defense manufacturer known for Leopard 2 tanks and Caesar howitzers, moved closer to a planned IPO and dual listing in Frankfurt and Paris after Germany’s budget committee approved the state’s acquisition of a 40% stake. The stake transaction is valued at up to €7.2bn, although the IPO offer size has not yet been disclosed. The strategic rationale is to secure joint control, strengthen oversight, and support Europe’s defense industrial base. (Source 1) (Source 2) (Source 3)

Robyg Raises Z1.18 Billion in Warsaw IPO

Robyg, a Polish residential property developer and subsidiary of TAG Immobilien, raised Z1.18bn, or approximately US$311m, in its Warsaw IPO. The IPO priced at Z34 per share, within the guided range of Z32–Z36, and trading is expected to begin on July 2. The offering drew strong long-only investor demand, with the top 10 orders reportedly covering around 80% of the book, and underwriters included Erste Group Bank, Goldman Sachs, mBank, Wood, and Baader Bank. (Source 1) (Source 2) (Source 3)

Attica Department Stores Opens €54 Million–€57.6 Million Athens IPO

Attica Department Stores opened an IPO on Euronext Athens with an expected size of €54m–€57.6m. The offering represents a 30% free float, with 18m shares offered at €3.00–€3.20 per share, implying a valuation range of €180.6m–€192.6m. Bookbuilding was expected to end on Friday, with pricing on June 29 and trading expected to begin on July 2. (Source)

IPOX CEO Discusses Post-IPO Performance Trends and New Listings Market

IPOX® CEO Josef Schuster appeared on the First Trust ROI Podcast to discuss post-IPO performance trends, renewed IPO activity, and dynamics shaping the new listings market. He highlighted IPOX® research on the long-term divergence between IPO winners and underperformers, as well as the role of diversification in post-IPO investing. The discussion also covered opportunities across IPOs, spin-offs, SPACs, and international markets as investor interest in newly public companies strengthens. (Source)

Asia-Pacific

China Resources New Energy Prices Record US$3.15 Billion Shenzhen IPO

China Resources New Energy Holdings, the renewable-energy unit of China Resources Power, priced a record Rmb21.3bn, or about US$3.15bn, IPO on the Shenzhen Stock Exchange. The deal is described as the largest IPO on the Shenzhen exchange, with strong retail demand leading to a 68% retail allocation after the clawback mechanism. The issue price was Rmb10.11, implying a 22x 2025 P/E multiple, and proceeds are earmarked for wind and solar projects. (Source 1) (Source 2) (Source 3)

Eacon Group Premarkets Potential US$300 Million Hong Kong IPO

Eacon Group, a Chinese developer of autonomous haulage systems for the mining industry, has started premarketing for a potential Hong Kong IPO that could raise about US$300m. In 2025, the company reported revenue of Rmb1.4bn, up 45.5%, alongside a net loss of Rmb515m. Haitong International is listed as the sponsor. (Source)

FDC Construction & Fitout Plans A$400 Million ASX IPO

FDC Construction & Fitout, an Australian commercial construction, fitout, and refurbishment specialist, plans to raise A$400m in an ASX IPO. The company is targeting a market capitalization of around A$1bn, with the listing expected in mid-July. UBS and MA Moelis are listed among the underwriters. (Source 1) (Source 2)

MENA

Beta Enerji and Technology Draws Strong Demand for US$52.1 Million Turkey IPO

Beta Enerji and Technology, a Turkish company, completed an IPO sized at US$52.1m, or TL2.43bn, narrowly above the significance threshold. Demand totaled about US$734m, or TL34.23bn, implying the deal was 14.1x subscribed. The offer price was TL40 per share, with a 15% free float, and proceeds are described as primary shares for growth funding. (Source)

Disclaimer: News summaries may contain mistakes. The information does not constitute financial advice, endorsement or recommendation and should not be considered as such.