Ibotta, Inc., Invizyne Technologies Inc., and Loar Holdings Inc. have all recently filed for IPOs. Ibotta, a digital promotions company based in Denver, plans to list on the NYSE today, offering shares at $88 each to raise about $577.3 million. Invizyne Technologies, a biotech firm in Monrovia, California, aims to raise $17.2 million on the Nasdaq at $4. Loar Holdings, an aerospace and defense component manufacturer from White Plains, New York, seeks to raise up to $290.7 million on the NYSE with a share price range of $24-$26.

In the second summary of the day, Top Wealth Group Holding Ltd, a luxury caviar supplier based in Hong Kong, Games Global Limited, an iGaming content developer and distributor based in the Isle of Man, JIALIANG HOLDINGS LTD, an agricultural products company based in London, Brilliance Group, a structural steel fabricator based in Singapore, JIADE LIMITED, an education services provider based in Chengdu, China, and Jinxin Technology Holding Company, a digital educational content provider based in Shanghai, China, have all recently filed registration statements with the SEC for their IPOs.

UL Solutions Inc., a global safety science leader based in Northbrook, Illinois, New Century Logistics (BVI) Limited, a freight forwarding service provider based in Hong Kong, Ibotta, Inc., a pioneer in success-based marketing based in Denver, Colorado, RF Acquisition Corp II, a SPAC based in Singapore focused on deep tech targets in Asia, and Rubrik, Inc., a data security company based in Palo Alto, California, have all recently filed registration statements with the SEC for their IPOs. UL Solutions Inc. has already successfully completed its IPO on the New York Stock Exchange under the ticker symbol "ULS".

Gauzy Ltd., a fully-integrated light and vision control company based in Tel-Aviv, Israel, and Marex Group plc, a diversified global financial services platform headquartered in London, UK, have both recently filed F-1 registration statements with the SEC for their upcoming IPOs.

IPO activity is picking up globally, with companies from various sectors planning listings. Notable firms include CVC Capital Partners, Rubrik, Gauzy, Zopa Bank, Jera Co., Luz Saude, Vishal Mega Mart, and Puig. Investors caution that smaller companies may struggle in the current selective market. Salesforce is in talks to acquire Informatica, while KKR considers exit options for BMC Software.

PACS Group, Inc., a leading U.S. post-acute healthcare company files final prospectus after launching their IPO yesterday. ZEEKR Intelligent Technology Holding Limited, a fast-growing Chinese EV company, Bowhead Specialty Holdings Inc., a U.S. specialty P&C insurance provider, Churchill Capital Corp IX, a blank check company, High Roller Technologies, Inc., an online gaming operator, Lakeside Holding Limited, a U.S.-based integrated cross-border supply chain solution provider focused on Asia, and Oranco, Inc., a Chinese company marketing Baijiu spirits, have all recently filed for IPOs with the SEC as detailed in the latest filings.

WF International Limited, a Chinese HVAC services provider, Mission Space Acquisition Corp., a U.S. aerospace-focused blank check company, and Proficient Auto Logistics, Inc., an American auto transportation firm, have all filed for IPOs with the SEC as detailed in the latest IPOX Filing Tracker.

On April 10, 2024, filings for IPOs and direct listings from Galaxy Payroll Group Limited, ZenaTech, Inc., and Nano Nuclear Energy Inc. were announced. These companies span payroll outsourcing, enterprise software and drone manufacturing, and nuclear energy sectors, highlighting diverse industry interests entering the public market.

The global IPO market is showing signs of recovery, with several high-profile companies planning listings across various sectors. While the U.S. market remains more receptive to unprofitable tech firms, Europe is still cautious. Companies like Aalto HAPS, Riyad Capital, Vestel Mobilite, and Zeekr are considering IPOs to raise capital and expand their operations, signaling a potential resurgence in IPO activity.

Alibaba cancels Cainiao's IPO amid strategy shift, while Horizon Robotics and Hexaware Technologies consider listings. Middle East and Abu Dhabi witness potential high-profile IPOs, reflecting a growing appetite for public offerings.

IPOX® analyst Lukas Muehlbauer discusses that Reddit's IPO faces risks due to user skepticism over data commercialization and content moderation plans. The allocation of shares to active users without a holding period could increase volatility, but market timing and limited public shares might drive up the stock's value.

Reddit's IPO is oversubscribed 4-5 times, targeting a $6.5 billion valuation. Galderma's IPO is expected to top its range at $2.6 billion. German perfume store operator Douglas has set its IPO price at €26. Other notable IPOs include Encyclopaedia Britannica, biotech startup Contineum, and Oman's Asyad Group.