The IPOX® Update 12/07/2024
Recent IPO announcements reflect strong global market activity across diverse sectors. Notable listings include Holcim's $30 billion North American spin-off, Seven & i's $6.6 billion 7-Eleven USA IPO, and ServiceTitan's $5.16 billion tech listing in the U.S. The MENA region sees healthcare and retail offerings from Almoosa Health and Nice One, while Asia-Pacific activity includes Kioxia's $727 million Tokyo listing and Mao Geping's $270 million Hong Kong debut.
Money Life with Chuck Jaffe: IPOX® CEO Josef Schuster on the IPO Market
IPOX® CEO Josef Schuster sat down with Chuck Jaffe on the Money Life with Chuck Jaffe podcast to discuss the state of the IPO market, its strong performance amid market highs, and the factors driving its momentum. Schuster highlighted the role of low interest rates, robust earnings, and the rise of sectors like AI and industrials in fueling IPO growth.
Reuters: IPOX® CEO Josef Schuster on ServiceTitan’s IPO
Josef Schuster, founder and CEO of IPOX Schuster LLC, was recently featured in Reuters, offering his perspective on the upcoming IPO of ServiceTitan, which aims for a valuation of up to $5.16 billion.
The IPOX® Update 11/30/2024
Global companies are preparing IPOs amid varied market conditions. In the U.S., ServiceTitan and CoreWeave plan significant offerings despite financial pressures. European firms like Apotea, Thyssenkrupp's Marine Systems, Odido, and Cirsa are set for listings. In Asia-Pacific, Insta360 and Mr DIY's Indonesian arm aim to go public. MENA's Talabat plans the UAE's largest IPO. Biotech firms Odyssey and Aktis proceed despite sector uncertainties, and Australia's Anteris files for a U.S. IPO.
The IPOX® Update 11/22/2024
Medline Industries plans a $5B U.S. IPO in 2025, potentially valuing the company at $50B. Pony AI seeks $260M in a U.S. IPO with Uber investing $10M. ServiceTitan files for Nasdaq listing, targeting SaaS growth. Canadian retailer Groupe Dynamite raises $300M. In Asia, Kioxia aims for $4.8B valuation, while Talabat targets $1.5B in Dubai. Australian DigiCo REIT launches a $1.8B IPO. UAE’s Pure Harvest eyes IPO by 2028.
Bloomberg: IPOX® CEO Josef Schuster on Canada’s IPO Market
IPOX® CEO Josef Schuster shared insights with Bloomberg on the renewed optimism in Canada’s IPO market, highlighted by Groupe Dynamite Inc.’s C$300 million debut. Schuster emphasized the IPOX® Canada Opportunities Index's adaptability, which has delivered a strong 36% return this year, outperforming the S&P/TSX Composite Index. The index reflects growing investor confidence and emerging opportunities as Canada’s equity markets show signs of recovery.
The IPOX® Update 11/16/2024
Several companies are preparing IPOs globally. Highlights include Klarna's $20B U.S. IPO, Pony AI targeting a $4.48B Nasdaq valuation, and Venture Global LNG raising $3B. In Europe, VEON plans to list Kyivstar, and Carlyle considers a $4B IPO for Flender. Asia sees IPOs from Mokingran Jewellery, Dmall, and Adaro Energy, among others. Meanwhile, Middle Eastern IPOs feature Talabat’s $1B offering and UIHC's $264M debut. Key sectors include fintech, energy, transportation, and tech.
The IPOX® Update 11/9/2024
In 2025, notable upcoming IPOs include U.S. AI cloud provider CoreWeave with support from Morgan Stanley, and Canadian pharmaceutical firm Apotex. Europe's Studenac targets dual listings in Zagreb and Warsaw, while Asia sees Japan's Kioxia and Australia’s Cuscal filing. China’s CiDi and GoerTek plan Hong Kong IPOs, and MENA highlights UAE’s Lulu Retail on the ADX. Major expansions and sector-specific listings underscore a globally active IPO landscape.
The IPOX® Update 11/1/2024
Armis, a U.S.-based cybersecurity firm, secured $200 million in funding, elevating its valuation to $4.6 billion ahead of a 2026 IPO. South African retailer Pick n Pay plans the largest African IPO of the year by listing its discount chain, Boxer, aiming to raise $452 million to reduce debt. UAE's United International Holding Company seeks $265 million through an IPO on Tadawul to support United Electronics Company.
Nikkei Japan: Rakuten Global IPO Fund Portfolio Manager and IPOX® CEO Josef Schuster on Recent U.S. IPOs
IPOX® CEO Josef Schuster, portfolio manager and subadvisor to the Rakuten Global IPO Stock Fund, was featured in Japan’s Nikkei Newspaper (日本経済新聞), talking about Reddit’s impressive post-IPO growth, underscoring IPOX's focus on identifying high-potential companies in the evolving global IPO landscape.