Education provider Phoenix Education Partners, owner of the University of Phoenix, is targeting a valuation of up to $1.17B in its planned U.S. IPO. Backed by Apollo Global and Vistria Group, the firm seeks to raise $140.3M with shares priced between $31–33, listing on the NYSE under "PXED." IPOX® CEO Josef Schuster noted strong sentiment for U.S. IPOs, highlighting differences in PE-backed deals. The offering reflects renewed sponsor-led listing momentum.

Wealthfront has filed for a U.S. IPO after reporting $308.9 million in 2025 revenue, up from $216.7 million a year earlier. Commenting on the filing, IPOX® CEO Josef Schuster noted that the U.S. IPO market remains “extremely healthy” going into Q4 but cautioned that investor appetite may be tested if pricing is too aggressive, citing recent post-listing performance of Chime and eToro.

Reuters highlights IPOX® CEO Josef Schuster’s commentary on Alliance Laundry’s planned $4.34 billion IPO. Backed by BDT & MSD Partners, the company aims to raise up to $751 million on the NYSE under “ALH.” Schuster noted that the inclusion of PE-backed firms broadens U.S. IPO deal flow and that cornerstone investor demand underscores the IPO’s medium- to long-term appeal.

Electric aircraft maker Beta Technologies has filed for a U.S. IPO, aiming to trade on the NYSE under the ticker BETA. In coverage by Reuters, Kat Liu, Vice President at IPOX®, noted: “Beta's IPO plays into two narratives that are resonating with investors: the long-term electrification trend and renewed appetite for selective growth stories.” The listing highlights growing investor interest in sustainable aviation and clean mobility solutions.

Global IPO activity is surging across regions in 2025. In the U.S./Canada, Medline eyes a $5B blockbuster, Neptune Insurance targets $2.76B, and Brookfield-backed Rockpoint advances in Toronto, with IPOX® VP Kat Liu offering insights. Europe sees Kingspan and Deutsche Börse prepping listings, while Zijin Gold leads Asia-Pacific with a $3.2B Hong Kong float. MENA/Africa highlights Kenya Pipeline’s planned $1.15B IPO and Dubai’s ALEC, amid renewed momentum tracked by IPOX® benchmarks.

Ethos Technologies filed for a U.S. IPO after reporting a 55% revenue surge in the first half of 2025, with net income rising to $30.7 million. The insurer joins a wave of peers tapping strong demand for listings. While some, like Accelerant and Slide, trade below offer prices, others have fared better. IPOX® Vice President Kat Liu noted investors will closely watch outcomes to gauge sustainable performance.

Bloomberg reports a strong revival in the U.S. IPO market, with newly listed companies up 41% in 2025, far outpacing the S&P 500. Large deals have been particularly lucrative, driving investor interest back to IPO-linked products. The First Trust US Equity Opportunities ETF (FPX), which tracks the IPOX® 100 U.S. Index, has surged 37% year-to-date. Bloomberg notes fresh inflows and rising optimism for innovation-driven companies entering public markets.

Bloomberg highlights the potential revival of Canada’s IPO market with Brookfield-backed Rockpoint Gas Storage’s planned Toronto listing. IPOX® VP Kat Liu, noted that Rockpoint’s performance could pave the way for additional carve-outs: “Based on how well they do with Rockpoint, there are a lot more portfolio companies that can easily go.” Investors are watching closely as confidence builds for renewed Canadian deal activity.

Neptune Insurance is targeting a $2.76 billion valuation in its upcoming U.S. IPO, Reuters reports. IPOX® Vice President Kat Liu noted the company’s strong growth story and highlighted climate change as a key driver of future demand: “If Neptune can capture share beyond NFIP and retain policies effectively, the growth opportunity could bolster IPO prospects.” The insurer will list on the NYSE under ticker “NP.”

In the U.S., Netskope, StubHub, Pattern Group, and SoftBank’s PayPay highlight renewed activity, with IPOX® CEO Josef Schuster, VP Kat Liu, and Associate Lukas Muehlbauer providing insights on selectivity and market resilience. Europe is seeing momentum from Verisure, SMG, Ottobock, and SumUp, while Asia-Pacific is led by multi-billion offerings from Zijin Gold, Chery, and MMC Port. MENA activity includes real estate listings from Dubai Investments and ALEC Holdings.

Pattern Group’s $2.4 billion Nasdaq debut drew attention as shares slipped 3.6% on opening day, Reuters reported. Commenting on the IPO, IPOX® Associate Muehlbauer noted that investors remain selective, rewarding strong fundamentals while others face tougher receptions. He added that Pattern’s reliance on Amazon poses risks amid shifting platform rules, with broader trade policy changes creating added challenges for cross-border sellers.

SMG Swiss Marketplace Group surged 8.7% above its offering price in its Zurich debut, signaling renewed strength in Europe’s IPO market. IPOX® Associate Lukas Muehlbauer noted the aftermarket lift was “to be expected given there’s a scarcity of large deals in Europe,” adding that strong performance boosts investor confidence.

IPO activity is surging again, with more than 150 companies going public this year and strong first-day gains fueling renewed investor interest. Yet volatility and high valuations remain challenges. In Barron’s, IPOX® Founder and CEO Josef Schuster highlighted our disciplined, long-term approach to IPO investing.

Bloomberg’s “IPOs Resurrect” notes a vigorous reopening of the U.S. new-issue window and highlights the IPOX® 100 U.S. Index’s leadership. The IPOX-100 of recently floated shares has “massively outperformed” since April’s post-“Liberation Day” rally, signaling revived risk appetite and encouraging more listings. With AI, crypto and fintech names accelerating, IPO breadth and pricing are improving, even as valuations normalize versus peak private rounds.

Cybersecurity firm Netskope surged 21% in its Nasdaq debut, reaching an $8.8 billion valuation, Reuters reported. The IPO raised more than $900 million, reflecting strong investor demand for cybersecurity solutions amid rising AI-driven threats. IPOX® Vice President Kat Liu noted the significance of the listing: “Netskope’s debut will be closely watched because cybersecurity remains one of the few technology sectors with clear structural demand, yet recent IPO performances have been mixed.”

Netskope Inc.’s IPO is seeing strong demand as investors bet on rising cybersecurity spending fueled by AI-driven threats, reports Bloomberg. Despite ongoing losses, the firm’s rapid revenue growth and AI-powered platform have drawn attention. Commenting on the deal, IPOX® Founder Josef Schuster noted: “It will be received OK. It’s a deal that really underscores how much more mature the IPO market has become recently.”

StubHub’s NYSE debut saw early gains erased, with shares closing 6.4% below their IPO price at $22, valuing the company at $8.09 billion. The listing underscores renewed IPO activity but cautious investor sentiment toward ticketing platforms. Commenting on the debut, IPOX® Vice President Kat Liu noted: “With revenue growth still slow and the industry under scrutiny for fees and fairness, investor appetite looks more measured than exuberant.”

The U.S. IPO market is showing its strongest momentum in four years, with funds raised from January to September 2025 up 35% year-on-year to $43.3 billion. High-profile listings, including Gemini Space Station and Klarna, highlight investor appetite. IPOX® founder Josef Schuster noted, “A golden age of IPOs has arrived in the US.”