Waystar Technologies, backed by EQT AB and the Canada Pension Plan, confidentially filed for an IPO, potentially valuing the health care payment tech provider at $8 billion. Tencent-supported Vietnamese startup VNG, with its popular messaging app Zalo, filed for a Nasdaq IPO, aiming to raise $150 million and marking the first U.S. tech listing from Vietnam. In 2023, Istanbul surpassed major European cities in IPOs, with Borsa Istanbul recording 30 IPOs, totaling $1.9 billion, driven by a surge in retail share trading. Meanwhile, mortgage company Better has gone public via a SPAC merger with Aurora Acquisition Corp, valuing the firm at $14 billion despite significant losses.

Amid significant concerns over exposure to the China market, UK chipmaker Arm prepares for an IPO. Arm, under SoftBank ownership, saw a 16% dip in Q2 2023 Chinese sales. Meanwhile, the US sports IPOs underperformed in 2023, with a negative 43% return. South Korea's Doosan Robotics aims for the country's top IPO spot, while Chinese EV maker Zeekr targets a $1.36 billion US IPO, the most significant since Didi in 2021. Kuwaiti fragrance firm Gissah is moving to Saudi Arabia before its IPO, drawing investment from Jadwa Investment. Finally, Thai retail giant Big C plans a $1 billion dual listing in Hong Kong and Bangkok.

British semiconductor designer Arm, a SoftBank unit, has filed for a Nasdaq IPO potentially valuing it between $60 billion to $70 billion, influenced by its pivotal role in the global AI and smartphone sectors. However, its IPO documentation indicates significant concerns about geopolitical and economic risks associated with China, where they derive roughly 25% of their revenue. Surprisingly, Morgan Stanley will not be partaking in this high-profile IPO. Concurrently, Nigerian payment startup Flutterwave, valued at $3 billion, is pushing forward with its own IPO ambitions, undeterred by financial controversies, showcasing significant growth in its payment app usage.

British semiconductor firm Arm plans to announce its IPO details after SoftBank's acquisition, with valuations potentially hitting $70 billion. Meanwhile, Indonesia expects larger IPOs due to political stability, seeing a 120% annual growth in 2023, highlighting the mining and consumer sectors. In China, delivery giant SF Holding Co. considers a secondary listing in Hong Kong, partnering with major finance institutions. With a valuation of approximately $29.9 billion, SF's potential proceeds from the listing could reach up to $3 billion.

UK's Arm readies for 2023's most substantial IPO, targeting $60-70 billion. Instacart, once valued at $39 billion, aims for a US Nasdaq listing in September. Switzerland's Novartis unveils plans to spin-off Sandoz on the Swiss exchange, cementing its focus on core pharma. Despite a squeezed market, Australia's ASX remains hopeful for a robust IPO pipeline, buoyed by tech and data provision opportunities. China's luxury maternity brand, Saint Bella, seeks a 2024 Hong Kong IPO, backed by Tencent and China Life Insurance. Meanwhile, Taiwanese Jyong Biotech targets a $40 million Nasdaq IPO, spotlighting its plant-based urological treatments.

VinFast, a Vietnamese EV automaker, saw a 255% debut surge on Nasdaq, pushing its market cap past GM and Mercedes-Benz. Chairman Pham's net worth surged to $44.3 billion. Meanwhile, Hong Kong Exchange expects a bright IPO future after a 30% dividend hike. Their half-yearly revenue hit HKD10.58 billion. Rob McEwen ponders an IPO for his Argentina copper venture with a potential offer size of $100-$150 million. Lastly, two Chinese firms plan to raise $1 billion via GDR share sales in Zurich, amid a slowdown in Chinese issuances, signaling a potential Zurich GDR market revival.

YouGov, a UK-based pollster, is considering a U.S. stock listing and has appointed former Meta executive, Steve Hatch, as CEO. Australian marketing software firm, Rokt, aims for a 2024 Nasdaq listing valued at $2.4 billion amidst legal controversies, including allegations of drug use and harassment. CVC Capital Partners is exploring an Amsterdam stock market listing, potentially by end of 2023, after postponing its 2022 plans due to the Russia-Ukraine conflict. Vietnamese EV manufacturer VinFast lists on Nasdaq after merging with Black Spade Acquisition, aiming to compete with brands like Tesla.

Germany's IPO sector is witnessing a surge, with listings potentially exceeding €20 billion. Notable IPOs include those from DKV Mobility, Douglas, and Porsche. Olam Agri has delayed its IPO following a 90% profit decline, largely due to poor Australian almond yields. Dutch solar mounting company Esdec is targeting a New York IPO with a projected valuation of $5 billion. Vietnam's electric vehicle maker, VinFast, plans to list in the U.S. through a SPAC merger. Despite recent slowdowns, the biotech IPO market is anticipated to rebound. Biogen's acquisition of Reata Pharmaceuticals highlights the potential synergy between biotech IPOs and pharma M&As.

Johnson & Johnson's exchange offer resulted in Kenvue joining the S&P 500, boosting after-hours trading. Investor optimism about the IPO market's revival is revealed in a KKR survey, with a preference for discounted pricing due to past IPO underperformance. Major listings and considerations include Rakuten's credit card unit, AIR's UAE-based IPO, and L'Occitane's potential European relisting amid its Hong Kong exit. Meanwhile, Midea is aiming for a Hong Kong listing, Tsinghua Unigroup is weighing options for Linxens, and regulatory shifts in China are encouraging softer language in IPO documentation. Lastly, Australian childcare company Nido prepares for its IPO.

Amazon is considering a key investment role in British chipmaker Arm's expected $10 billion IPO, elevating its valuation to around $70 billion. Competition between the NYSE and Nasdaq grows, with Nasdaq securing Instacart and Arm, while NYSE gains Klaviyo and Birkenstock listings amid an IPO market resurgence. Despite a significant rally by Cava Group Inc., US IPO earnings in 2023 have plummeted 94% from 2021, leading to mixed expert predictions. Dutch retailer Royal Ahold Delhaize ponders an IPO for e-commerce subsidiary Bol.com after shelving previous plans. German fleet company DKV, supported by CVC, revives its IPO plans targeting up to €4 billion.

SoftBank's chip design unit, Arm, plans a Nasdaq listing in September, anticipating a $60 billion market cap. Apple and Samsung have expressed interest in the firm, which recently reported a revenue drop of 11%. The MENA region saw 13 IPOs in Q2 2023, raising $1.8 billion, while the first half totaled $5.2 billion from 23 IPOs. Norwegian firm HydrogenPro is eyeing a Nasdaq IPO to fund its U.S. expansion. Novo Nordisk's shares spiked after positive trials of its obesity drug, Wegovy. Chinese EV battery maker, Beijing WeLion, plans a 2025 IPO, boasting technology that has attracted major carmakers.

Next week, three companies from various industries are set to go public. South Korea's first fabless chip unicorn startup, Fadu Inc, aims to raise $147m in its IPO. Indonesian company, Sinar Eka Selaras Tbk PT, plans an IPO with a $27m offering size, while JRC Co Ltd, a Japanese manufacturer of conveyor belt systems, aims to raise $47m. Meanwhile, Swedish property developer, SBB, considers a $3.4 billion IPO for its residential unit. Mainland China's stock exchanges saw no new IPO filings in July due to heightened listing thresholds and a weakened macroeconomy. Despite the summer, the Middle East IPO market remains resilient with multiple listings, including the UAE-based G42 Group. Lastly, Air Baltic is considering an IPO as early as September 2024, with a potential market value of at least €800m.

Arm, SoftBank's semiconductor unit, targets a potential record-breaking September IPO with a valuation of up to $80 billion. Meanwhile, Dubai’s Roads & Transport Authority (RTA) is set to enter the IPO market with its taxi and parking divisions. Germany's Oldenburgische Landesbank (OLB) has signalled readiness for a potential IPO after reporting a half-yearly profit of over €100 million. South Korean steelmaker Nexteel plans an IPO to bolster competitiveness, aiming to raise up to 87.5 billion won. Finally, Spain's industrial group Bergé is exploring an IPO for its car unit Astara, potentially valued at €2 billion.

German footwear brand Birkenstock is planning an $8 billion IPO, backed by private equity firm L Catterton and LVMH. Biopharmaceutical firm Adlai Nortye has filed for a $115 million US IPO as it works on developing its oncology drug. Uber has reported an unexpected Q2 net income of $394 million, despite revenue being slightly below expectations. Spanish electric vehicle maker QEV Technologies is planning an Amsterdam IPO via a SPAC merger. Lastly, the Hong Kong Exchanges & Clearing unit has eased rules on IPO candidates disclosing risks related to China.

Three US Micro-IPOs are set to debut: Fitell Corp, an Australian fitness equipment retailer, seeking $15M; Cheetah Net, a luxury car importer, aiming to raise $6.3M; and Pixie Dust Technologies, a Japanese tech firm looking to garner $19M. Meanwhile, Citigroup predicts continued robust Middle East IPO activity into 2024, with Dubai and Saudi Arabia as hotspots. SF Holding, China's largest express delivery firm, plans a $3B Hong Kong IPO in August. Lastly, South Korea's Huons Biopharma, a maker of Botox products, prepares for its IPO, aiming for a $785M valuation.